by David Schwartz J.D. CPA | Jan 29, 2013 | All, Change Overview and Rationale
“Given the inconsistency in the Commission’s interpretation of its own rules, the lack of regulatory certainty and the increased cost of compliance with the Commission swaps regulations, including the complicated and controversial swap dealer definition rules, swap...
by David Schwartz J.D. CPA | Jan 23, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
High frequency trading is once again in the sights of Congress. The use of sophisticated computer algorithms to trade securities on a rapid basis at speeds far beyond the capabilities of human beings garnered much attention in the wake of the 2010 Flash Crash, as well...
by David Schwartz J.D. CPA | Jan 19, 2013 | All, Change Overview and Rationale, Commentary, Formal Regulatory Remedies
Repo is very much in the news lately, even coming up on the radar screen of the New York Times’ Gretchen Morgenson. Morgenson penned an article in the Times’ September 14, 2013 issue, After a Financial Flood, Pipes Are Still Broken, in which she worries...
by David Schwartz J.D. CPA | Jan 19, 2013 | All, Formal Regulatory Remedies
The government has acted swiftly and is implementing Martin Wheatley’s recommendations as quickly as possible, introducing legislation that brings Libor within the scope of regulation and creating new criminal sanctions for attempted manipulation of Libor. Recent...
by David Schwartz J.D. CPA | Jan 17, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
The Bank of England and the US FDIC have issued a joint white paper, “Resolving Globally Active, Systemically Important, Financial Institutions,” focusing on “top-down” resolution strategies that involve a single resolution authority applying its...
