by David Schwartz J.D. CPA | Jun 29, 2014 | All, Change Overview and Rationale, Commentary
In their 84th Annual Report, the Bank for International Settlements examines the current state of global financial affairs and highlights some trends it sees emerging in the financial framework. While noting that the overall financial system has has gained some...
by David Schwartz J.D. CPA | Jun 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a November 22, 2013 address before the Americans for Financial Reform and Economic Policy Institute Conference, Federal Reserve Board Governor Daniel K. Tarullo outlined a potential regulatory initiative to limit short-term wholesale funding risks. As we mentioned...
by David Schwartz J.D. CPA | Jun 14, 2014 | All, Lender Directed Voting, Procedural Changes
The Economist reports that Mediobanca, an Italian investment bank formed in 1946 assist in the reconstruction of Italian industry, has commenced a planned sell-off of $2.2 billion in equity holdings as part of an effort to refocus the firm on its core mission of...
by David Schwartz J.D. CPA | Jun 6, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a May 29, 2014 white paper, Blackrock responded strongly to the Financial Stability Oversight Council’s (FSOC) 2014 Annual Report which raised concerns about asset managers and securities lending. In particular, Blackrock’s paper takes issue with FSOC’s assertion...
by David Schwartz J.D. CPA | Jun 2, 2014 | All, Formal Regulatory Remedies
The Staff of the Federal Reserve Bank of New York has published a “A Primer on the GCF Repo® Service,” the overall goal of which is to to quantify to what extent dealers pursue various strategies trading GCF Repo. The paper’s abstract describes the...
