by David Schwartz J.D. CPA | Mar 19, 2012 | All, Formal Regulatory Remedies
John C. Coates IV, professor of law and economics at Harvard Law School, testified before the U.S. Senate Subcommittee on Securities, Insurance and Investment on December 14. In his testimony, Professor Coates took up three themes related to pending proposals to...
by David Schwartz J.D. CPA | Mar 19, 2012 | All, Formal Regulatory Remedies
CFTC Chairman, Gary Gensler, says he believes that the days of the opaque swaps market are ending and a new era of transparency and commonsense rules of the road is on the horizon. Gensler’s October 10, 2012 address before the George Washington University Center...
by David Schwartz J.D. CPA | Mar 19, 2012 | All, Formal Regulatory Remedies, Procedural Changes
The European Securities and Markets Authority has issued a discussion draft on proposed regulation of OTC Derivatives, CCPs and trade repositories. The draft introduces provisions to improve transparency and reduce the risks associated with the OTC derivatives market...
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...
by David Schwartz J.D. CPA | Mar 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Just in time for the CFTC and SEC’s final swaps provisions, State Street and TABB Group have published a paper, Charting New Territory: Buy-Side Readiness for Swaps Reforms, based on a survey of buy-side firms examining where the investment community stands on a...
