by David Schwartz J.D. CPA, Executive Director | Dec 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
Though the Financial Stability Board’s (FSB) March 4, 2015 consultation paper on Global SIFI designation is only a week old, it has already generated a chorus of criticism and condemnation from some of the asset management industry’s most powerful players. This second...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2015 | All, Change Overview and Rationale
Long time financial reform skeptic and Dodd-Frank foe Jeb Hensarling (R-TX), chair of the Financial Services Committee, will hold hearings on what he believes to be the Federal Reserve’s lack of transparency and accountability. On Tuesday, July 14, 2015 at 10:00am...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | Dec 19, 2015 | All, Traditions
A trust is a fiduciary arrangement that allows a one party to transfer assets to a third party, or trustee, to hold assets on behalf of a single beneficiary or a number of beneficiaries. Trusts have myriad uses and are employed across a wide variety of property...
by David Schwartz J.D. CPA, Executive Director | 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...
