by David Schwartz J.D. CPA | Nov 26, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
At its November 17, 2016 plenary session in London, the Financial Stability Board (FSB) met to discuss current vulnerabilities and agree on priorities for 2017. While noting that the global financial system is more resilient as a result of the regulatory reforms...
by David Schwartz J.D. CPA | Nov 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
Modern financial markets are a finely woven tapestry of market makers, investment products and vehicles, and investors with diverse expectations and risk appetites. Holding the whole thing together is a structure of rules and regulations. Altering this intricate...
by David Schwartz J.D. CPA | Nov 14, 2016 | All, Change Overview and Rationale
Prior to Basel III and Dodd-Frank, broker-dealers were the world’s main supply of high quality liquid assets (HQLA). New regulations have forced broker-dealers to reduce drastically their inventories of these high quality collateral assets at a time when a flight to...
by David Schwartz J.D. CPA | Oct 23, 2016 | All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies
The fast pace and broad scope of new regulation are driving participants in the complex derivatives markets to adapt quickly. Layers of old infrastructure and practices built up over time need to be overhauled to keep up with new regulation, technological change, and...
by David Schwartz J.D. CPA | Oct 19, 2016 | All, Disclosure Regimes
In its 2016 annual report published in July, the Financial Stability Oversight Council (FSOC) said that more and better data was needed to assess the potential systemic risks associated with securities lending and repo. The super-regulator called for more transparency...
