by David Schwartz J.D. CPA | 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...
by David Schwartz J.D. CPA | Dec 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Paul Volcker, former Federal Reserve Chairman and architect of the Volcker Rule, testified On October 17, 2012 before a joint British Parliamentary Commission on banking standards. He answered questions on the differences between the US and UK banking systems along...
by David Schwartz J.D. CPA | 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 | Dec 16, 2012 | All, Change Overview and Rationale
What does the exodus of senior officials at the SEC mean for the future of securities regulation? This month, the SEC announced that the agency’s chair, two division heads, and the general counsel and chief of staff will leave their posts. Though it is not...
by David Schwartz J.D. CPA | Nov 27, 2012 | All
On November 5, 2012, the Federal Reserve Board (the “Fed”) issued instructions and guidelines for two 2013 stress testing and capital planning programs. Based on similar programs instituted in 2012, the Comprehensive Capital Analysis and Review 2013 describes...
