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...
by David Schwartz J.D. CPA, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | Nov 16, 2012 | All, Change Overview and Rationale
The latest Federal Reserve Open Market Committee (“FMOC”) minutes reveal serious consideration of an approach to monetary policy whereby the Fed uses quantitative triggers based on unemployment rates and inflation, as opposed to date-based thresholds, to...
by David Schwartz J.D. CPA, Executive Director | Nov 14, 2012 | All, Formal Regulatory Remedies
Pursuant to powers granted to it by Section 120 of the Dodd-Frank Act, on November 13, 2012, the Financial Stability Oversight Council (“FSOC”) approved proposed recommendations for the structural reform of money market mutual funds (“MMFs”)....
