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...
by David Schwartz J.D. CPA | Sep 19, 2012 | All, Change Overview and Rationale
In a May 16, 2012 letter to the European Commission, the Managed Fund Association (MFA), an association of hedge funds and managed future firms, shot back at the FSB’s April 2011 greenpaper/background note on shadow banking. In its response, MFA argues that it...
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...
