by David Schwartz J.D. CPA | Jun 26, 2012 | All, Formal Regulatory Remedies
The UK’s Treasury has published a white paper setting out how the government intends to implement the recommendations of the Independent Commission on Banking (the Vickers Report). The paper offers further detail on plans to separate retail and investment...
by David Schwartz J.D. CPA | Jun 24, 2012 | All, Formal Regulatory Remedies
The Board of Governors of the Federal Reserve System voted on June 7 to approve proposed rules intended to implement the regulatory capital standards promulgated under “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems.” These...
by David Schwartz J.D. CPA | Jun 21, 2012 | All, Change Overview and Rationale
In a piece published June 14, Peter J. Wallison, Fellow at the American Enterprise Institute, argues against imposing any new regulation on shadow banking markets and firms without without convincing proof they need it. According to Wallison, the calls from regulators...
by David Schwartz J.D. CPA | Jun 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
OTC derivatives legislation and clearing reforms understandably have European and US market participants scratching their heads about what this “sea of change” has in store for them and the future of OTC markets. David Felsenthal, a partner at Clifford...
by David Schwartz J.D. CPA | Jun 19, 2012 | All
The total value of the repo contracts outstanding on the books of the 62 institutions who participated in the latest survey was EUR 5,647 billion, compared with EUR 6,204 billion in December 2011. Using constant samples, it is estimated that the market con- tracted...
