by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Mar 29, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a report released March 28, 2016, the GAO concluded that fragmented and overlapping oversight has created inefficiency in the U.S. financial market regulatory structure. The GAO recommended that Congress should consider taking steps to reduce or better manage...
by David Schwartz J.D. CPA, Executive Director | Mar 23, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Basel Committee on Banking Supervision today released a consultative document proposing a set of changes to the Basel III framework’s approaches for determining Banks’ regulatory capital requirements for credit risk. The goals of these changes are to (i)...
