by David Schwartz J.D. CPA | Jun 19, 2015 | All, Formal Regulatory Remedies, ROSE
The global regulatory calendar for the first quarter of 2015 includes comment deadlines for a number of consultation papers and rule proposals. We have compiled a list of the closing dates of many, if not all, of the major comment periods. Federal Reserve: Risk-Based...
by David Schwartz J.D. CPA | Jun 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a September 30, 2015 speech before the SIFMA Liquidity Forum in New York, Fed President and Chief Executive Officer William C. Dudley addressed concerns that market liquidity is being hindered by regulation. While open to the idea of finding a better balance...
by David Schwartz J.D. CPA | May 30, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
Amidst the series of legal settlements in recent months by global banks for forex market manipulation, the Bank for International Settlements (BIS) has announced that it will set up a working group under its Markets Committee to study improvements in the foreign...
by David Schwartz J.D. CPA | May 21, 2015 | All
In a unanimous opinion issued on May 18, 2015, the Supreme Court confirmed a continuing duty of ERISA trustees to monitor investments. Although the case involved a complicated procedural history before arriving at the Supreme Court, the lawsuit presented a fairly...
by David Schwartz J.D. CPA | May 19, 2015 | All, Change Overview and Rationale
On December 7, 2014, the Bank for International Settlements (BIS) issued its latest quarterly review. Looking back at the year, and the quarter in particular, BIS sees signs of a buoyant global economy, however tempered by indications of some fragility. “Markets...
