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....
by David Schwartz J.D. CPA | Sep 26, 2016 | All, Formal Regulatory Remedies
In a 65-page comment letter responding to the Financial Stability Board’s (“FSB”) June 22, 2016 consultation paper, “Proposed Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities,” SIFMA vigorously championed...
by David Schwartz J.D. CPA | Sep 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On August 10, 2016, the Global Financial Markets Association (GFMA) released a comprehensive analysis of the potential costs of the new Basel standards on lending and capital markets. The report was conducted by Oliver Wyman, a leading global management consulting...
by David Schwartz J.D. CPA | Sep 18, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
The response to the financial crisis was a raft of new regulation aimed at reducing the risks posed by financial institutions. But now with strict new liquidity and leverage ratios, increased capital requirements, and restrictions on banking activities versus...
