by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Oct 19, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Bank for International Settlements (BIS) and the International Organization of Securities Commissions (IOSCO) have published their final framework for margin requirements for non-centrally cleared derivatives. The document sets forth globally agreed standards for...
by David Schwartz J.D. CPA, Executive Director | Oct 15, 2013 | All, Traditions
Nineteenth century commercial banks earned their profits to a large extent by financing the inventories of shopkeepers and their supply chains. The expansion of manufacturing during the Industrial Revolution resulted in lower prices, broader distribution channels and...
