by David Schwartz J.D. CPA | May 7, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a speech before the US Chamber of Commerce’s 11th Annual Capital Market Summit, the CFTC’s acting Chairman J. Christopher Giancarlo announced a new project to simplify the agency’s regulations. Remarking that, “America’s derivatives markets are struggling, in...
by David Schwartz J.D. CPA | Apr 22, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
A Federal Reserve Report published on April 18, 2017 found that U.S. small businesses are facing hurdles in obtaining much-needed financing for growth. The study indicated that small businesses presently face significantly more stringent credit conditions when...
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
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 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...
