by David Schwartz J.D. CPA | Jul 22, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Banking regulation is inappropriate for MMFs and would end MMFs as we know them at great cost to the millions of investors who value them for their efficiency and safety, and to the financial system as a whole. Already subject to a comprehensive regulatory regime,...
by David Schwartz J.D. CPA | Jul 20, 2012 | All, Formal Regulatory Remedies
Following the approval on July 11 by the Commodity Futures Trading Commission of the definitional rules for “swaps” and other derivatives products, and defining the “end user exemption,” the compliance dates for many of the CFTC’s...
by David Schwartz J.D. CPA | Jul 19, 2012 | All
According to a June survey conducted by KPMG LLP, enterprise risk management processes of many major financial services firms are surprisingly manual – perhaps dangerously so. The survey results are somewhat unexpected given that the financial services industry...
by David Schwartz J.D. CPA | Jul 15, 2012 | All, Disclosure Regimes, Formal Regulatory Remedies
On July 11, the CFTC approved its much awaited final rule implementing the end-user exception from mandatory clearing of swaps. The new ruleslay out parameters of the end-user exception by (1) defining the term “hedging or mitigating commercial risk” and (2)...
by David Schwartz J.D. CPA | Jul 12, 2012 | All, Formal Regulatory Remedies
In his July 4 address before the Europlace Financial Forum, European Securities and Markets Authority (ESMA) chair, Steven Maijoor, announced that ESMA would be proposing standards implementing regulation of OTC derivatives, central counterparties and trade...
