by David Schwartz J.D. CPA, Executive Director | Jul 29, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
As the market subject to these regulations is international, it is acknowledged that, notwithstanding the high degree of similarity that already exists between the respective requirements, without coordination, subjecting the global market to the simultaneous...
by David Schwartz J.D. CPA, Executive Director | Jul 24, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
On July 2, 2013, the Board of Governors of the Fed issued final capital rules for banks implementing both the Basel III Capital Framework and certain additional requirements imposed by the Dodd-Frank Act. On July 17, 2013, the EU’s Capital Requirements Directive...
by David Schwartz J.D. CPA, Executive Director | Jul 15, 2013 | All, Change Overview and Rationale, Commentary, Lender Directed Voting
The federal government is not now and has never been in the business of telling you how you should vote your proxies. But it seems that through regulatory creep, the government may have indirectly given the power to tell investors how to vote their proxies to someone...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
