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