by David Schwartz J.D. CPA | Dec 19, 2015 | All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies, ROSE
On February 12, 2015, the Center for the Study of Financial Market Evolution (“CSFME” or the “Center”) filed its response to the Financial Stability Board’s (FSB) consultation, Standards and Processes for Global Securities Financing Data...
by David Schwartz J.D. CPA | Dec 14, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
On Friday, December 11, as previously announced, the SEC voted to propose a new rule regarding the use of derivatives by mutual funds, closed-end funds, ETFs, and business development companies. Since as far back as the 1990s under Chairman Aurthur Levitt, the SEC has...
by David Schwartz J.D. CPA | Dec 13, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
Reforms following the financial crisis have made ti-party repo far safer, finds a report published by BNY Mellon and PWC, but even greater changes lie in store. Based on a survey of market participants, the report found that the repo markets remain in a period of...
by David Schwartz J.D. CPA | Nov 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a January 30, 2015 address, Federal Reserve Board Governor Daniel K. Tarullo once again voiced the Fed’s concerns about the systemic risk posed by potential firesales in the asset management industry. Tarullo indicated that as regulators implement reforms...
by David Schwartz J.D. CPA | Nov 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a report published earlier this week, the Board of the International Organization of Securities Commissions (IOSCO) found that, among the major jurisdictions in the money market fund (MMF) industry, the United States has made the most progress in regulatory...
