by David Schwartz J.D. CPA, Executive Director | Oct 15, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
The European Securities and Markets Authority is seeking input on its plans for mandatory central counterparty clearing of foreign exchange non-deliverable forwards (FXNDF). FXNDFs are cash-settled foreign exchange forward contracts that cannot result in physical...
by David Schwartz J.D. CPA, Executive Director | Sep 23, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
Following its September meeting in Cairns, the Financial Stability Board (FSB) has published a press release highlighting some of the vulnerability the FSB still sees as threatening the global financial system. The release also lays out some work plans for some of the...
by David Schwartz J.D. CPA, Executive Director | Sep 21, 2014 | All, Change Overview and Rationale, Lender Directed Voting
The Financial Reporting Council (FRC), UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, has issued a revised UK Corporate Governance Code. The changes to the Code are designed to strengthen the...
by David Schwartz J.D. CPA, Executive Director | Sep 19, 2014 | All, Formal Regulatory Remedies
Since the financial crisis, both FX and money markets have undergone significant changes, driven primarily by increased self-regulation and the introduction of broad-ranging regulatory changes on both sides of the Atlantic. Peter Zöllner, the Head of the BIS Banking...
by David Schwartz J.D. CPA, Executive Director | Sep 19, 2014 | All, Formal Regulatory Remedies, ROSE
With the November 15 and 16 G20 Summit in Brisbane fast approaching, policy makers and regulators in the US and the UK have been hard at work. Not to be outdone, IOSCO, ESMA, and BIS have also been busy. Eager to demonstrate progress on financial re-regulation and...
