by David Schwartz J.D. CPA | 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...
by David Schwartz J.D. CPA | Aug 19, 2013 | All, Disclosure Regimes, Formal Regulatory Remedies
Given their strict regulatory regime, the use of commodities has long been a sticky subject for mutual funds. At the same time, however, the competitive environment for returns amongst mutual funds has made use of derivatives and commodity interests by registered...
by David Schwartz J.D. CPA | Aug 19, 2013 | All, Change Overview and Rationale
In a globally interconnected marketplace, just how effective can country-by-country regulation really be? According to David Wright, Secretary General of IOSCO, this fragmented regulation from jurisdiction to jurisdiction may be doing more harm than good. The tools...
by David Schwartz J.D. CPA | Aug 19, 2013 | All
The financial crisis revealed weaknesses in the design of the U.S. tri-party repo market that could potentially amplify and propagate systemic risk. Since that time, the New York Federal Reserve Bank has monitored closely the tri-party repo market, and its Treasury...
by David Schwartz J.D. CPA | 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...
