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...
by David Schwartz J.D. CPA | Oct 18, 2016 | All, Change Overview and Rationale
On October 14, 2016, London’s High Court of Justice handed down a ruling in favor of the UK subsidiary of Goldman Sachs, ending a three-year challenge by the US$60 billion Libyan Investment Authority (LIA). The decision comes after a judge rejected claims by the...
by David Schwartz J.D. CPA | Oct 17, 2016 | All, Formal Regulatory Remedies
In an October 12, 2016 address before the European Parliament’s Committee on Economic and Monetary Affairs, William Coen, Secretary General of the Basel Committee (BIS) provided some insights into what BIS plans to do to finalize Basel III post-crisis reforms....
