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...
by David Schwartz J.D. CPA | Sep 19, 2012 | All, Formal Regulatory Remedies
On January 5, the Consumer Financial Protection Bureau (CFPB) launched its non-bank supervision program. The initiative is mandated by Dodd-Frank, and will be an extension of the CFPB’s bank supervision program that began last July. The program is intended to ensure... 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 14, 2012 | All, Formal Regulatory Remedies
As Mark Twain famously said, “The rumors of my death have been greatly exaggerated.” The same can be said for about the rumors of the death of money market reform, following the SEC’s announcement that it’s leaders could not reach consensus on...
