by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Mar 30, 2017 | All, Disclosure Regimes, Formal Regulatory Remedies
The European Securities and Markets Authority (ESMA)’s report on Trends, Risks, and Vulnerabilities No. 1, 2017 (TRV) is the body’s latest effort to highlight areas of risk facing European financial markets. Noting that financial markets remained relatively calm since...
by David Schwartz J.D. CPA, Executive Director | Mar 29, 2017 | All, Disclosure Regimes, Formal Regulatory Remedies
In a March 16, 2017 address before the Financial Data Summit in Washington, DC, Richard Berner, Director of the Office of Financial Research (OFR), announced an initiative to identify areas of “duplication, overlap, and inefficiency in regulatory reporting.” The...
