by David Schwartz J.D. CPA | Nov 19, 2015 | All, Disclosure Regimes, Procedural Changes, ROSE
On November 18, 2015, the Financial Stability Board (FSB) published its final Standards and Processes for Global Securities Financing Data Collection and Aggregation. The final standards are based on the FSB’s previous November 2014 consultation paper and define the...
by David Schwartz J.D. CPA | Nov 16, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
During their most recent meeting, the Financial Stability Oversight Council revealed that the asset management sector remains an area of concern to the super-regulator. According to minutes of the November 2, 2015 meeting, the FSOC has identified six categories of...
by David Schwartz J.D. CPA | Oct 28, 2015 | All, Change Overview and Rationale
The financial crisis made clear that interconnectedness and complexity have the potential to magnify localized shocks and amplify and transmit them to the greater financial system. Understanding the risks posed by our ever more interconnected global financial system...
by David Schwartz J.D. CPA | Oct 19, 2015 | All, Formal Regulatory Remedies, Procedural Changes
In a nearly four-hour hearing held on December 8, 2015, members of the House Financial Services Committee grilled the heads of the Financial Stability Oversight Council (FSOC), accusing the FSOC of a poor transparency and lack of responsiveness to legislators’...
by David Schwartz J.D. CPA | Oct 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a preview of FINRA’s 2016 letter on regulatory priorities and emerging risks, FINRA’s CEO, Richard Ketchum said that FINRA’s exam focus in the upcoming year will be on three key issues: outsourcing, cyber risk and liquidity concerns. Ketcham also said...
