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...
by David Schwartz J.D. CPA | Oct 19, 2012 | All
Two new studies examine the influence proxy advisory services like ISS and Glass-Lewis have on the outcomes of proposals made to shareholders in firms’ annual proxies, particularly say-on-pay votes, which became mandatory for most public companies in 2011. Both...
by David Schwartz J.D. CPA | Oct 19, 2012 | All, Change Overview and Rationale
In an October 14, 2012 address in Tokyo, Fed Chairman Ben Bernanke outlined the Fed’s near term economic outlook, and discussed in an international context the basic rationale underlying the Federal Reserve’s recent policy decisions. According to Bernanke,...
by David Schwartz J.D. CPA | Oct 14, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Both the President’s Working Group on Financial Markets and the Financial Stability Oversight Council have consistently called for the SEC to pursue additional reforms to address structural vulnerabilities in [money market funds], including unanimous...
by David Schwartz J.D. CPA | Oct 13, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
[G]lobal interconnections within the swap markets require cross-border regulatory cooperation and harmonization, as no one national regulator is equipped with the resources necessary to regulate comprehensively every participant in its local market nor every market in...
