by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
