by David Schwartz J.D. CPA | Aug 28, 2012 | All
The real question today is whether management and the board have the right governance processes in place to drive the critical business activities—to manage risk and calibrate strategy in a coordinated way. As companies move beyond managing financial crisis issues,...
by David Schwartz J.D. CPA | Aug 23, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an August 22, 2012 statement SEC Chair Mary Schapiro announced that the much anticipated money market reforms she has championed have hit a wall. It had been expected that the Commission would consider next week options for further reform like a free floating NAV,...
by David Schwartz J.D. CPA | Aug 21, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
A discussion paper published on August 10, 2012 by a team commissioned by the UK Treasury’s Chancellor of the Exchequer takes a look at the structure and governance of LIBOR and the corresponding criminal sanctions regime. This initial discussion paper...
by David Schwartz J.D. CPA | Aug 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Ever since the Reserve Primary Fund “broke the buck” in 2008, regulatory reform of money market funds (MMFs) has been an area of intense debate. Following the financial crisis and given the important and pervasive role played by MMFs in the US and global...
by David Schwartz J.D. CPA | Aug 19, 2012 | All, Formal Regulatory Remedies
At the request of the Financial Stability Board, IOSCO has published a consultation paper on the potential regulatory reforms of money market funds. The purpose of the consultation paper is to share with market participants IOSCO’s preliminary analysis regarding the...
