by David Schwartz J.D. CPA | Nov 19, 2013 | All, Change Overview and Rationale
On November 5, 2013, the Financial Stability Board (FSB) launched the second stage of its two-stage quantitative impact study on the proposed regulatory framework for securities financing transactions. As you may recall, on August 29, 2013, the FSB published the...
by David Schwartz J.D. CPA | Nov 18, 2013 | All
On November 8, 2013, a three-judge panel of the UK Court of Appeals handed down a much awaited ruling in two LIBOR-related cases. The ruling allows plaintiffs in two cases involving interest rate swap transactions referencing LIBOR to amend their claims to allege that...
by David Schwartz J.D. CPA | Oct 30, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
[R]eforms of domestic banking are far from sufficient for a global hub like London. Now is the time for a greater focus on what’s needed for resilient international banking and robust global markets. London is the home of global markets as well as global banks. And...
by David Schwartz J.D. CPA | Oct 24, 2013 | All, Change Overview and Rationale
Is collateralized commercial paper (CCP) the the new “killer app” for liquidity? Finadium, a leading specialist research and advisory firm in the securities and investments industry, has published a a research report, “Collateralized Commercial...
by David Schwartz J.D. CPA | Oct 22, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Office of the Comptroller of the Currency (OCC) and Board of Governors of the Federal Reserve System (Fed) published final rules in the Federal Register on October 11, 2013 revising risk-based and leverage capital requirements for banking organizations and...
