by David Schwartz J.D. CPA, Executive Director | Jul 26, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
A recent uptick in the three-month US dollar Libor appears to be an unintended consequence of soon to be effective SEC money market fund regulations. Approved in 2014, the regulations intended to make structural and operational reforms to address risks of investor...
by David Schwartz J.D. CPA, Executive Director | Jul 23, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a July 19, 2016 letter to the G20 Finance Ministers and Central Bank Governors ahead of their meeting July 23-24 meeting in Chengdu, Financial Stability Board Chair and Governor of the Bank of England Mark Carney updated the G20 leaders on the FSB’s progress made...
by David Schwartz J.D. CPA, Executive Director | Jul 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On March 4, 2016, the Basel Committee issued a consultation paper on the standardised measurement approach for operational risk. The newly proposed framework, dubbed the “single measurement approach” (SMA) for risk assessment, addresses weaknesses BIS has...
by David Schwartz J.D. CPA, Executive Director | Jul 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On March 6, 2016, the Basel Committee on Banking Supervision (BIS) published a consultation paper proposing to amend or “calibrate” the Basel III non-risk-based leverage ratio. Banks have been lobbying the Committee quite aggressively to make changes to the way...
by David Schwartz J.D. CPA, Executive Director | Jul 16, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In his final address on July 12, 2016 as the EU’s Commissioner for Financial Stability, Jonathan Hill announced that the European Commission would push the Bank for International Settlements (BIS) to rethink some of its Basel III reforms in light of their affects on...
