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...
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...
