by David Schwartz J.D. CPA | Sep 23, 2012 | All, Change Overview and Rationale
With 1,304 funds and €215 billion assets under management, Exchange Traded Funds (ETFs) listed in Europe are a major element of the European fund management industry. However, some feel that European ETFs are hindered by a lack of liquidity as compared to their...
by David Schwartz J.D. CPA | Sep 21, 2012 | All, Formal Regulatory Remedies
Rep. Peter King (R-NY), a member of the House Financial Services Committee, will soon introduce a bill to suspend enforcement of the Volker Rule until the Treasury Department can certify that other countries have adopted and are abiding by similar statutory...
by David Schwartz J.D. CPA | Sep 19, 2012 | All
In a recently concluded study, the US Government Accountability Office (GAO) says, among other things, that Financial Stability Oversight Council (FSOC) and Office of Financial Research (OFR) could benefit from more transparency. Though both the FSOC and OFR issue...
by David Schwartz J.D. CPA | Sep 19, 2012 | All, Formal Regulatory Remedies
George Osborne, the UK’s Chancellor of the Exchequer, voiced concernsabout the potential negative effects the proposed Volker Rule provisions may have on the liquidity of global funding markets and particularly non-US sovereign debt markets. Osborne communicated...
by David Schwartz J.D. CPA | Sep 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
[W]e will not back away from our fundamental responsibility of making sure our financial system is safe. But we need smart regulation that can make future financial shocks less likely and less damaging – and without unnecessary compliance costs. We want to make sure...
