by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
