by David Schwartz J.D. CPA, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Nov 25, 2014 | All, Change Overview and Rationale, Procedural Changes
With the conclusion of their November 15 and 16 meeting in Brisbane, the G20 has published their official communiqué outlining the group’s progress, plans, and areas of focus. Financial regulatory reform remains the central focus of G20 activities. However, with the...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | Nov 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
The financial crisis of 2007-08 was a crisis of liquidity. Facing deep uncertainty about the condition of counterparties and the value of collateral assets, investors refused to offer new short-term lending or even to roll over existing repos and similar extensions of...
by David Schwartz J.D. CPA, Executive Director | 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...
