by David Schwartz J.D. CPA | Aug 18, 2012 | All
As part of its ongoing protocol project, the International Swaps and Derivatives Association (ISDA) has announced the launch of the August 2012 Dodd-Frank Protocol. The Dodd-Frank Protocol is designed to allow swap market participants to simultaneously amend multiple...
by David Schwartz J.D. CPA | Aug 15, 2012 | All, Formal Regulatory Remedies
In their joint response to the European Securities and Markets Authority (ESMA) draft technical standards for the regulation on OTC derivatives, the Dutch Pension Federation, APG, MN, PGGM, Shell and Syntrus Achmea Asset Management, major players in the Dutch pension...
by David Schwartz J.D. CPA | Aug 13, 2012 | All
During the financial crisis, central banks, finance ministries, and legislatures across the globe put in place bank rescue packages for the most part financed by public funds. Have these unprecedented recapitalisations at public expense resulted in a reduction of risk...
by David Schwartz J.D. CPA | Jul 29, 2012 | All, Formal Regulatory Remedies
The need for further regulations governing money market funds was once again hotly debated at Senate Banking Committee hearings last week. At the hearings, Treasury Secretary Timothy Geithner reiterated his concerns that the 2010 money market reforms enacted by the...
by David Schwartz J.D. CPA | Jul 24, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Basel Committee on Banking Supervision and the International Organization of Securities Commissions (IOSCO) jointly have published a consultative paper on margin requirements for non-centrally-cleared derivatives. The paper presents the initial policy proposals...
