by David Schwartz J.D. CPA, Executive Director | Apr 19, 2012 | All, Formal Regulatory Remedies
Citing the large volume of comments received in response to the proposed rules, on Nov. 9, 2012, the Federal Reserve Board, the OCC, and the FDIC announced in a joint release that proposed rules to implement the Basel III regulatory capital accords will not take...
by David Schwartz J.D. CPA, Executive Director | Apr 19, 2012 | All
A storm, or more aptly, a hurricane of litigation is on its way for the banks involved in the LIBOR rate-rigging scandal. The LIBOR banks face not just the prospect of criminal prosecution, but also exposure to law suits by thousands of market participants and others...
by David Schwartz J.D. CPA, Executive Director | Apr 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
In his October 10, 2012 remarks at the University of Pennsylvania Law School, Federal Reserve Board Governor, Daniel K Tarullo, criticized Dodd-Frank sharply for missing the mark in a number of vital ways in its framework for ensuring financial stability. Tarullo...
by David Schwartz J.D. CPA, Executive Director | Apr 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
The FSB Workstream on Securities Lending and Repos (“Workstream”) under the FSB Shadow Banking Task Force has published an interim report on its findings and progress. The mission of the Workstream is to present, by the end of 2012, policy recommendations... by David Schwartz J.D. CPA, Executive Director | Mar 29, 2012 | All, Formal Regulatory Remedies
A bi-partisan group of six Senators introduced a bill (S. 2223) on March 22 that would postpone the implementation of the Volcker Rule set for on July 2. Instead, S. 2223 links the effective date of the Volker Rule to the date regulators finish drafting their Volker...
