by David Schwartz J.D. CPA, Executive Director | Aug 26, 2013 | All
While the traditional view of financial innovation emphasizes the risk sharing role of new financial assets, belief disagreements about these assets naturally lead to speculation, which represents a powerful economic force in the opposite direction. Theoretically,...
by David Schwartz J.D. CPA, Executive Director | Aug 21, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an effort to combat the pro-cyclicality caused by changes in repo and securities lending haircuts during a crisis, the Financial Stability Board has proposed to introduce minimum standards for the calculation of haircuts. In the belief that higher haircuts would...
by David Schwartz J.D. CPA, Executive Director | Aug 19, 2013 | All, Formal Regulatory Remedies
The Federal Reserve Board has approved rules making it clearer which non-banks can be swept into the Board’s regulatory ambit and under what circumstances they may be “systematically important.” The March 29, 2013 release lays out the Fed’s...
by David Schwartz J.D. CPA, Executive Director | Aug 19, 2013 | All
Jonathan C. Dickey, partner and Co-Chair of the National Securities Litigation Practice Group at Gibson, Dunn & Crutcher LLP, has published his mid-year review of securities class action lawsuits on Harvard’s corporate governance and Financial Regulation...
by David Schwartz J.D. CPA, Executive Director | Aug 19, 2013 | All, Formal Regulatory Remedies, Procedural Changes
The European Securities and Markets Authority (ESMA) has approve cooperation agreements with seven global counterparts in five jurisdictions. These agreements with regulators in the Bahamas, Japan, Malaysia, Mexico and the United States formalize details of...
