by David Schwartz J.D. CPA | Jun 26, 2013 | All, Change Overview and Rationale
Central banks cannot repair the balance sheets of households and financial institutions. Central banks cannot ensure the sustainability of fiscal finances. And, most of all, central banks cannot enact the structural economic and financial reforms needed to return...
by David Schwartz J.D. CPA | Jun 23, 2013 | All, Change Overview and Rationale
Although it is intuitively clear that interconnectedness has some effect on the transmission of shocks, it is less clear whether and how it significantly increases the likelihood and magnitude of losses compared to a financial system that is not interconnected. The...
by David Schwartz J.D. CPA | Jun 20, 2013 | All
Time is running out for those who are unhappy with the settlements of some 930,000 Lehman derivatives contracts. With the statute of limitations running out on filing Lehman derivatives disputes, a flood of new cases is expected from parties holding these contracts...
by David Schwartz J.D. CPA | Jun 19, 2013 | All, Procedural Changes
Some optimisation techniques are still taking shape due to a lack of clarity around new regulations. However, some elements must naturally precede others before it is possible to reach the next level. Post crisis regulatory changes have had dramatic effects on the...
by David Schwartz J.D. CPA | Jun 19, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an October 14, 2013 address, William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, expressed some lingering concerns he and the Fed have about the tri-party repo market. Despite the reform efforts of both regulators and...
