by David Schwartz J.D. CPA | Feb 14, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On January 29, 2016, the Bank of England (B of E) issued a consultation paper laying out its proposed framework for the systemic risk buffer (SRB) to be applied to ring-fenced banks and large building societies holding more than £25 billion of retail and small and...
by David Schwartz J.D. CPA | Jan 27, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On January 27, 2016, the Office of Financial Research (OFR), an arm of the Treasury Department created under the Dodd-Frank Act, issued its fourth annual report to Congress. The report highlights the results of OFR research, risks to financial markets, and OFR...
by David Schwartz J.D. CPA | Jan 19, 2016 | All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies
Both FINRA and the Securities and Exchange Commission have indicated a renewed interest in the fees charged by investment advisors. In a May 2016 notice, FINRA announced a mutual fund fee waiver sweep intended to gather information regarding whether advisors had...
by David Schwartz J.D. CPA | Jan 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a joint statement issued on February 10, 2016, the European Commission (EC) and the U.S. Commodity Futures Trading Commission (CFTC) announced agreement on a common approach regarding requirements for central clearing counterparties (CCPs). The agreement is the...
by David Schwartz J.D. CPA | Jan 19, 2016 | All
On January 14, 2016, the SEC announced that a large U.S. broker dealer had agreed to settle charges that its securities lending practices violated federal securities regulations. According to the SEC’s order, the dealer violated Regulation SHO by providing...
