by David Schwartz J.D. CPA | 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 | 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”)....
by David Schwartz J.D. CPA | Oct 28, 2012 | All
On October 19, 2012, Spain’s financial regulator the CNMV announced that it would extend its ban on short selling until October 31 and has also submitted a proposal to the European Securities and Markets Authority (ESMA) to impose a further three month ban, effective...
by David Schwartz J.D. CPA | Oct 23, 2012 | All
Increased capital requirements are squeezing as many as 25% of financial firms out of certain business lines, according to the fourth annual survey by the Professional Risk Managers’ Association (PRMIA), which was co-sponsored by SunGard. The survey finds, among other...
by David Schwartz J.D. CPA | Oct 21, 2012 | All, Formal Regulatory Remedies
On October 17, 2012, the SEC published its long awaited proposals for new rules governing “security-based swaps.” Recognizing the considerable concern over the cross-border effect of this proposed new regime for OTC derivatives, the Commission chose to set...
