by David Schwartz J.D. CPA | Apr 19, 2016 | All, Change Overview and Rationale
The Office of Financial Research released results of its survey of the bilateral repo markets. The report, “The U.S. Bilateral Repo Market: Lessons from a New Survey,” provides aggregate statistics on U.S. dealers’ bilateral repo agreements and...
by David Schwartz J.D. CPA | Apr 18, 2016 | All, Commentary
Securities and Exchange Commission Chair Mary Jo White’s March 29 speech to the Mutual Fund Directors’ Forum can be seen as a showcase of the philosophical differences between market regulators and banking supervisors. For directors, the speech also reveals the...
by David Schwartz J.D. CPA | Apr 14, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In her March 29, 2016 keynote address before the Mutual Fund Directors Forum’s annual policy conference, SEC Chair Mary Jo White laid out some of her thoughts on the role of mutual fund directors in assessing risks and exercising their oversight responsibilities. In...
by David Schwartz J.D. CPA | Apr 13, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
Banking and financial markets have always been innovative. But globalization, new regulation, and changes in technology have heightened the pace of innovation dramatically. According to a whitepaper published in March 2016 by the Office of the Comptroller of the...
by David Schwartz J.D. CPA | Mar 29, 2016 | All, Formal Regulatory Remedies
Banks drive economic growth by providing financing for consumers and businesses. To provide this vital financing, their business models rely heavily on cheap and efficient maturity transformation made possible, in part, through short-term financing. With an...
