by David Schwartz J.D. CPA, Executive Director | Mar 27, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
The House Oversight and Investigations Subcommittee held a hearing on Tuesday, March 28, 2017 to examine the process used by the Financial Stability Oversight Council (FSOC) to designate systemically important financial institutions (SIFIs). The subcommittee heard...
by David Schwartz J.D. CPA, Executive Director | Mar 21, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a March 15, 2017 letter, SIFMA urged Treasury Secretary Steven Mnuchin to take a leading role in the G-20 to reassess existing regulatory reforms and strike the appropriate balance between growth and stability. While acknowledging that regulatory reforms since the...
by David Schwartz J.D. CPA, Executive Director | Mar 20, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
“We reiterate our commitment to support the timely, full and consistent implementation and finalisation of the agreed G20 financial sector reform agenda.” In a statement issued following a two-day meeting in Baden-Baden, finance chiefs of the Group of 20 nations...
by David Schwartz J.D. CPA, Executive Director | Mar 19, 2017 | All, Formal Regulatory Remedies
Industry experts and regulators have debated for some time now about the effects regulation may or may not be having on liquidity. Critics of tough new bank regulations claim that the increased regulatory requirements, such as the higher capital requirements and new...
by David Schwartz J.D. CPA, Executive Director | Mar 18, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On March 15, 2017 the Basel Committee on Banking Supervision published a second consultation paper on guidelines for the identification and management of step-in risk. The first consultation on the topic in December of 2015 set out a framework for identifying and...
