by David Schwartz J.D. CPA | Apr 20, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On April 19, Rep. Jeb Hensarling (R-TX) published a discussion draft of his Financial CHOICE Act (Version 2), updated from his original 2016 draft (Version 1).[1] While keeping what the Rep. Hensarling calls its “pro-growth, pro-consumer” features that would end...
by David Schwartz J.D. CPA | Apr 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Financial Stability Board’s (FSB) sixth annual shadow banking survey found that the shadow banking market remains robust and growing, equivalent to 13 percent of total financial system assets and 70 percent of the GDP of 28 covered jurisdictions. The report...
by David Schwartz J.D. CPA | Apr 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
A working paper published on April 3, 2017 by the US Federal Reserve attempts to quantify the costs and benefits of bank capital to arrive at an estimate of the optimal capital ratio for U.S. banks. In their paper,[1] authors Simon Firestone, Amy Lorenc, and Ben...
by David Schwartz J.D. CPA | Apr 15, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
An April 12, 2017 report issued by the Bank for International Settlement’s Committee on the Global Financial System (CGFS) takes stock of the state of repo markets. Drawing on a number of sources, the report surveys the landscape of the repo markets, taking into...
by David Schwartz J.D. CPA | Apr 13, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
With the main elements of the G20’s core financial reforms underway, the Financial Stability (FSB) has proposed a framework to assess the effects of the reforms. In an April 11, 2017 consultation paper, the FSB proposes a structured framework specifying the processes...
