by David Schwartz J.D. CPA, Executive Director | May 14, 2012 | All, Formal Regulatory Remedies
The Basel Committee on Banking Supervision is seeking comment on initial policy proposals emerging from the Committee’s fundamental review of trading book capital requirements The consultation paper contemplates a revised market risk framework and proposes...
by David Schwartz J.D. CPA, Executive Director | Apr 29, 2012 | All, Formal Regulatory Remedies
As a result of commitments made at the G20 in 2009, member states across the globe are engaging in a number of regulatory reform initiatives addressing derivatives. Though the G20 members agreed to some basic principles of regulation, and officials say that some level...
by David Schwartz J.D. CPA, Executive Director | Apr 25, 2012 | All, Formal Regulatory Remedies
On April 19, the Federal Reserve Board clarified that an entity covered by Volcker Rule will have the full two-year period provided by the statute to conform its activities and investments. The guidance issued by the Fed also assures covered entities and institutions...
by David Schwartz J.D. CPA, Executive Director | Apr 24, 2012 | All, Change Overview and Rationale
In an April 13 address, Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System, made clear that he sees the system of shadow banking as a key vulnerability that makes another catastrophic economic crisis nearly inevitable. In Bernanke’s...
by David Schwartz J.D. CPA, Executive Director | Apr 22, 2012 | All, Formal Regulatory Remedies
As capital requirements and structural reforms of banks and financial institutions fall into place, global financial regulators are renewing their efforts to bring shadow banking and securitized credit extension under some form of regulatory discipline. Though shadow...
