by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Jan 15, 2013 | All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies, Procedural Changes
On December 19, 2012, the European Commission adopted technical standards on the European Markets Infrastructure Regulation (EMIR) as well as a Delegated Regulation supplementing the Directive on Alternative Investment Fund Managers (AIFMD) (called “Level 2...
by David Schwartz J.D. CPA, Executive Director | Jan 12, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
Securities lending is a potentially pro-cyclical source of funding, raising the possibility that participants will have to dump securities during times of financial stress. It can lead to unexpected connections among disparate market players, such as insurance...
