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