by David Schwartz J.D. CPA | 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 | 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...
by David Schwartz J.D. CPA | Mar 23, 2012 | All, Formal Regulatory Remedies
With all the legislative changes, additional required disclosures, say on pay and corporate governance issues percolating in the background, investors, companies, and investment managers are faced with a challenging 2012 proxy season. Today we alert you to two issues...
by David Schwartz J.D. CPA | Mar 20, 2012 | All, Formal Regulatory Remedies
Last week, the Technical Committee of the International Organization of Securities Commissions (IOSCO) issued a consultation paper on the distribution by intermediaries of complex financial products to retail and non-retail customers. The paper focuses on customer...
by David Schwartz J.D. CPA | Mar 19, 2012 | All, Formal Regulatory Remedies
On May 23, the European Parliament adopted a controversial financial transaction tax that would impose a 0.1% tax for shares and bonds and a 0.01% tax on derivatives. The language casts a very wide net and would require financial institutions located outside the EU to...
