by David Schwartz J.D. CPA | Nov 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
The G20’s meeting in Brisbane begins tomorrow, and international working groups have been burning the midnight oil to have their progress reports ready in time. One such group, the OTC Derivatives Regulator Group (ODRG)*, issued a report on November 7 that...
by David Schwartz J.D. CPA | Nov 18, 2014 | All, Formal Regulatory Remedies, ROSE
On November 13, the Financial Stability Board published a consultation report that sets forth proposed standards and processes for global securities financing and data collection and aggregation. Previously, the FSB recommended that national/regional authorities...
by David Schwartz J.D. CPA | Nov 13, 2014 | All, Formal Regulatory Remedies
On November 6, 2014, the Securities and Exchange Commission granted Eaton Vance’s request to launch an “exchange traded managed fund” (ETMF), a new kind of exchange traded fund. Only a week before, the SEC provisionally denied similar requests for ETMFs...
by David Schwartz J.D. CPA | Oct 28, 2014 | All, Change Overview and Rationale
These heightened capital requirements for licensed banks may trigger even more regulatory arbitrage than was observed in the recent past, thereby inducing a large migration of banking activities towards the shadow banking system. The higher solvency of the licensed...
by David Schwartz J.D. CPA | Oct 22, 2014 | All
In 2009, American International Group (AIG) sued the Internal Revenue Service (IRS) to recover approximately $306 million in denied tax credits. After negotiating a tortuous litigation process, the dispute has surfaced again in court. On October 17, 2014, AIG argued...
