by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2012 | All, Formal Regulatory Remedies
In a letter to Senate Banking Committee Chairman Tim Johnson (D-SD), Senator Bob Corker (R-TN), a key member of the Committee, has called for immediate investigation into the details of the JPMorgan Chase & Co. trading losses. Senator Corker wants the committee to...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
We have consistently questioned the necessity and efficacy of the Volcker Rule and believe that its full repeal is the only way to avoid the harm that it would do to the economy, bank customers, and the banking industry. The American Bankers Association officially...
