by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
