by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | May 16, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
At the end of April, the Bank for International Settlements (BIS) issued its eighth progress report on the adoption of the Basel regulatory framework. This report provides a high-level overview of the progress made by Basel Committee member states in adopting the...
by David Schwartz J.D. CPA, Executive Director | Apr 27, 2015 | All, Change Overview and Rationale, Procedural Changes
Prior to the financial crisis, regulators only had limited data available to them about securities lending and repo markets. The crisis exposed a number of vulnerabilities previously not recognized as a result of this lack of data. Right away, regulators realized that...
by David Schwartz J.D. CPA, Executive Director | Apr 19, 2015 | All
JPMorgan Chase & Co has agreed to pay $100 million to settle a U.S. antitrust lawsuit in which investors accused it and 11 other major banks of rigging prices in the $5 trillion-per-day foreign exchange market. Investors sued the 12 banks alleging that traders at...
