by David Schwartz J.D. CPA | 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 | 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...
by David Schwartz J.D. CPA | Oct 14, 2013 | All, Change Overview and Rationale, Procedural Changes
Though scholarly debates continue, the impact of credit derivatives on the law and policy of insider trading is still unexplored. This Article fills this gap to demonstrate that the emergence of credit derivatives marks a profound development for the prohibition...
by David Schwartz J.D. CPA | Sep 23, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
The purpose of the [full-allotment overnight reverse repo] facility is to establish a floor on money market rates and to improve the implementation of monetary policy even when the balance sheet is large. Even if our balance sheet increases significantly further and...
by David Schwartz J.D. CPA | Sep 19, 2013 | All
On Wednesday, March 27, 2013, twenty-five lucky college students had the opportunity to travel to Washington, DC to visit some of the nation’s most important government agencies, and meet policy makers to discuss the nation’s economic governance. The...
