by David Schwartz J.D. CPA, Executive Director | Jan 22, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
For the most part, Treasury Nominee Steven Mnuchin’s five-hour confirmation hearing on January 19, 2017 focused on responding probing questions about his past associations and financial reporting oversights. Amid the sparring, however, Mnuchin was able to reveal...
by David Schwartz J.D. CPA, Executive Director | Jan 18, 2017 | All, Formal Regulatory Remedies
Republican control of Congress and the White House has put financial regulatory reform back on the legislative agenda. As an indication of Republicans’ preliminary plans, the Financial CHOICE Act (H.R. 5983), proposes a regulatory capital “off-ramp” for...
by David Schwartz J.D. CPA, Executive Director | Jan 13, 2017 | All
As we reported in our January 3, 2017 post, a Fed staff report published in December 2016 found that the Volcker Rule was harming bond liquidity. Not a month later, a new Fed staff working paper[1] published this week found that regulations limiting banks’ balance...
by David Schwartz J.D. CPA, Executive Director | Dec 28, 2016 | All, Formal Regulatory Remedies
SEC Chair Mary Jo White is not sticking around at the SEC after the inauguration next month. But she does not plan to be idle in her remaining time at the Commission. In a pointed response to an earlier request by GOP senators to stop issuing new rules called for by...
by David Schwartz J.D. CPA, Executive Director | Dec 27, 2016 | All, Change Overview and Rationale
By now, all but the most strident luddite has heard of Bitcoin, the notorious stateless crypto-currency. Naturally, financial firms and regulators have started to take notice of Bitcoin. But it is not necessarily the currency they are interested in. Rather, they are...
