by David Schwartz J.D. CPA, Executive Director | Feb 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
The House Financial Services Committee (“House Committee”) issued a report on February 28, 2017 calling into question the process by which the Financial Stability Oversight Council (FSOC) designates certain non-bank companies as “too big to fail.”...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Jan 25, 2017 | All
American Depositary Receipts are back in the news. The Wall Street Journal reported on November 8, 2016 that the Securities and Exchange Commission has issued subpoenas to four large banks with expansive ADR businesses seeking information about trading of ADRs. Citing...
