by David Schwartz J.D. CPA | May 28, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies, Lender Directed Voting
On March 28, 2014, the International Corporate Governance Network (ICGN), an investor-led organization of governance professionals interested in international corporate governance practices, published its a proposed draft revision to its Global Governance Principles....
by David Schwartz J.D. CPA | May 21, 2014 | All, Change Overview and Rationale, Procedural Changes
The US Financial Stability Oversight Council has published its 2014 Annual Report which highlights, among other things, the activities of the Council, significant financial market and regulatory developments, an assessment of those developments on the stability of the...
by David Schwartz J.D. CPA | Apr 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
On November 12 2014, the UK’s Financial Conduct Authority issued Final Notices collectively imposing record fines totaling $1.7 billion on five global banking firms for alleged rigging of the FX market. The FCA found that the banks engaged in widespread conduct that...
by David Schwartz J.D. CPA | Apr 15, 2014 | All, Change Overview and Rationale, Commentary, Formal Regulatory Remedies
The September 2013 Office of Financial Research (OFR) report entitled “Asset Management and Financial Stability” attempts to present a critical analysis of how asset management firms and the activities in which they engage can introduce vulnerabilities that could...
by David Schwartz J.D. CPA | Apr 13, 2014 | All
U.S. District Court Judge Naomi Reice Buchwald has ruled against a group of plaintiffs seeking to use the Sherman Antitrust Act to punish rate-setting banks for manipulating LIBOR. Although some of the defendant banks on the London Interbank Offered Rate panel have...
