by David Schwartz J.D. CPA | Jan 19, 2015 | All
On November 25, 2015, the Chicago Public School Teachers’ Pension and Retirement Fund and other institutional investors filed a class action lawsuit in federal court alleging that ten of the world’s largest investment banks conspired to rig the lucrative interest rate...
by David Schwartz J.D. CPA | Dec 29, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In October 2014, the Bank for International Settlements (BIS) adopted final standards for the “net stable funding ratio” (NSFR), the last plank in the Basel III banking reforms. The NSFR was first proposed in 2009, and elicited much concern from the industry...
by David Schwartz J.D. CPA | Dec 20, 2014 | All, Change Overview and Rationale, Cross-Post, Formal Regulatory Remedies
Borrower default indemnification, sometimes referred to as a “securities replacement guarantee,” is fairly common in the securities lending industry. Under the typical arrangement, should a borrower of a security fail to return it at the end of the loan, the...
by David Schwartz J.D. CPA | Dec 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
With the Dodd-Frank Wall Street Reform and Consumer Protection Act having just celebrated its fourth birthday, where exactly are we in the the reform of our seemingly ever-evolving regulatory framework? In a recent paper, Dan Ryan, Chairman of the Financial Services...
by David Schwartz J.D. CPA | Dec 16, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In its most recent Annual Report, the Office of Financial Research (OFR) warns that despite the strengthening global financial system, threats to financial stability still remain, and it is no time for complacency. Formed in 2010 as a part of the Treasury Department...
