by David Schwartz J.D. CPA | 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 | 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...
by David Schwartz J.D. CPA | Dec 30, 2012 | All, Change Overview and Rationale
In response to interpretive questions received from banking officials, finance ministers, regulators, bankers and other industry players, the Bank for International Settlements (BIS) has issued further clarifications to their regulatory frameworks for capital and...
by David Schwartz J.D. CPA | Dec 25, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
The outflow of money fund assets to an unregulated market is a significant systemic risk concern, and can result in harm to our market and investors. The Financial Stability Oversight Council, Financial Stability Board, and Securities and Exchange Commission still...
by David Schwartz J.D. CPA | Dec 21, 2012 | All, Formal Regulatory Remedies
On December 18, 2012, the CFTC issued an interim final rule extending the compliance date for the new Dodd-Frank business conduct standards and documentation requirements for swap dealers and major swap participants. The rule extends the deadline for the business...
