by David Schwartz J.D. CPA | Nov 19, 2012 | All, Formal Regulatory Remedies
In an address before the ALI Conference on Investment Adviser Regulation in New York City on December 6, 2012, Norm Champ, the new Director of the SEC’s Division of Investment, announced that the “Division staff will no longer defer consideration of exemptive...
by David Schwartz J.D. CPA | Nov 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
On July 6, House Financial Services Committee Chairman Spencer Bachus (R-AL) initiated a series of hearings reviewing the two-year experience of the Dodd-Frank Act, and in particular the effects of its derivatives provisions. Prompted by the June 28 release by the...
by David Schwartz J.D. CPA | Nov 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies, Lender Directed Voting
Should we be alarmed about empty voting? According to a recent article, “A Call to Arms on Empty Voting!” by Andrew MacDougall, Robert M. Yalden and Jeremy Fraiberg, yes, we should indeed. Using a proxy battle over a proposal by Canadian company, TELUS to...
by David Schwartz J.D. CPA | Nov 18, 2012 | All, Formal Regulatory Remedies
Unlike other derivatives, FX swaps and forwards already trade in a highly-transparent, liquid and efficient market. This final determination is narrowly tailored. The US Treasury Department has provided a significant exemption for certain foreign exchange...
by David Schwartz J.D. CPA | Nov 18, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Appropriate monitoring and regulatory frameworks for the shadow banking system needs to be in place to mitigate the build-up of risks. On November 18, 2012, the Financial Stability Board (FSB) published for public consultation an initial integrated set of policy...
