by David Schwartz J.D. CPA, Executive Director | Dec 22, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
On December 30, 2013, the International Organization of Securities Commissions (IOSCO) published the final report on Regulation of Retail Structured Products, which provides a toolkit outlining regulatory options that securities regulators may find useful to regulate...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2013 | All, Formal Regulatory Remedies
On June 5, 2013, the Federal Reserve Board issued interim final rules that grant foreign banks’ uninsured US branches and agencies access to the same swaps push out rules exemptions, transition period, and grandfathering provisions applicable to insured depository...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2013 | All, Formal Regulatory Remedies, Procedural Changes
In their latest client memo, the Blank Rome law firm alerts directors and trustees of financial firms about their role in new swaps regulations. In particular, the firm puts public companies on notice that their boards must take action in order to take advantage of...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2013 | All, Formal Regulatory Remedies
Based on the European Securities and Markets Authority’s (ESMA’s) UCITS guidelines, which became effective in February, it was initially feared that asset managers would be required to return all revenues from securities lending to investors. Responding to these and...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2013 | All, Change Overview and Rationale
The systematic effect of money market funds on the wider financial system is a topic of hot debate, with finance ministers, regulators, and standard setting bodies all over the globe weighing in. The New York Federal Reserve Bank is the latest to do so, asking...
