by David Schwartz J.D. CPA | Feb 25, 2017 | All, Commentary
What if banks were to get a capital benefit from investing in superior risk management technology – and if that benefit was disclosed to the market? Should not the costs of risk management investments by FDIC-insured banks be partly repaid by taxpayers in the form of...
by David Schwartz J.D. CPA | Feb 25, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
“Fintech,” or financial technology,” is a term that seems to be on everyone’s lips these days, from bankers to global finance ministers. Dramatic advances in computing power, speed, interoperability, and nearly instantaneous internet communication...
by David Schwartz J.D. CPA | Feb 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
Will also improve confidence in prudential ratios The Basel Committee on Banking Supervision has announced its work program themes for 2017 and 2018 to include a greater focus on strengthening supervision by member jurisdictions. In addition, the Committee still...
by David Schwartz J.D. CPA | Feb 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On July 27, 2017, Treasury Secretary Steven Mnuchin delivered the Department of the Treasury’s annual report on the state of the international financial system. Mnuchin’s testimony covered many topics ranging from the Volcker Rule to tax reform and China equity caps....
by David Schwartz J.D. CPA | Feb 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In dual releases published on January 25, 2017, the Financial Stability Board (FSB) expressed concern that reuse of collateral and rehypothecation of client assets may pose financial stability issues. The financial crisis demonstrated that collateral re-use and...
