by David Schwartz J.D. CPA | 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 | 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 | 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 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...
