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
Mutual funds hold substantial power to influence corporate governance around the world. In the United States alone, mutual funds own over a quarter of the outstanding shares of U.S. stocks. Clearly, this represents an enormous amount of the voting power. And, along...
by David Schwartz J.D. CPA | Sep 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Despite the legislation’s two-part name, “The Wall Street Reform and Consumer Protection Act,” SEC Chairman Mary L. Schapiro understands financial regulatory reform and consumer protection to be one thing, not two separate goals. In her October 26,...
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...
