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...
by David Schwartz J.D. CPA | Oct 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Fed, Financial Stability Board, and the Bank for International Settlements have beein quite busy this summer, and each issued rules or consultations in July furthering Basel III initiatives. On July 1, the Basel Committee issued a consultative document on its...
by David Schwartz J.D. CPA | Oct 14, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
In a speech in July before at the Money Markets Liaison Committee in London, Chris Salmon, Executive Director, Markets, Bank of England hinted that the Bank of England was exploring means by which it could accept equities as collateral for its market operations,...
by David Schwartz J.D. CPA | Sep 22, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
Since the liquidity freeze during the financial crisis, liquidity risk management has been a concern to regulators thorughout the financial industry. Last week, the the SEC proposed new rules addressing liquidity management in open end funds and the Financial Industry...
