by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
