by David Schwartz J.D. CPA | Feb 14, 2022 | All, Change Overview and Rationale, Cross-Post, Formal Regulatory Remedies
While real-time settlement is still something that may happen far in the future, perhaps on the Starship Enterprise, T+1 is now imminent. On February 9, 2022, the Securities and Exchange Commission proposed to make T+1 a reality. The proposal aimed at reducing risks...
by David Schwartz J.D. CPA | Feb 11, 2022 | All, Change Overview and Rationale, Cross-Post
Widespread adoption of central bank digital currencies (CBDC) could revolutionize cross-border payments by reducing friction and making it possible for T+1 or even T+0 settlement of cross-border trades. The Fed’s Digital Currency discussion paper is the central bank’s...
by David Schwartz J.D. CPA | Jan 24, 2022 | All, Change Overview and Rationale, Cross-Post
A discussion paper published on January 20th invites the public to explore with the U.S. Federal Reserve Board the creation of a digital version of the U.S. dollar. A Central Bank Digital Currency (CBDC) backed by the Federal Reserve would be designed, according to...
by David Schwartz J.D. CPA | Jan 21, 2022 | All, Cross-Post, Disclosure Regimes
The Securities and Exchange Commission’s (SEC) securities lending disclosure proposal has drawn sharp rebuke from both securities lenders and borrowers. Lending principals criticized the proposal on everything from cost, lack of clarity, and overbroad scope to...
by David Schwartz J.D. CPA | Dec 29, 2021 | All, Formal Regulatory Remedies
The European Commission has reached agreement with legislators and financial trade groups on a digitized infrastructure to reshape the EU and, by extension, the global securities markets. The resolution affects all transactions involving EU securities, including...
