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 13, 2012 | All
The Bank for International Settlements on Monday issued its Quarterly Review for March 2012. The Review discusses the global effect of European bank deleveraging and also provides highlights from the latest BIS data sets on international banking and financial...
by David Schwartz J.D. CPA | Feb 28, 2012 | All, Change Overview and Rationale
The Bank for International Settlements has issued preliminary locational and consolidated banking statistics for the quarter ended September 30, 2011. These statistics, though not final, indicate: In the third quarter of 2011, after adjusting for the effects of the...
by David Schwartz J.D. CPA | Feb 26, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Responding to strident criticism of proposed regulations implementing the Volker Rule, former Fed Chair Paul Volker and the Senate authors of the Dodd-Frank Volker Rule provisions defended the rule as absolutely vital and urged the SEC and banking agencies to...
by David Schwartz J.D. CPA | Feb 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Basel III introduces a leverage ratio and raises the minimum risk-weighted capital ratios, but it does so using highly arcane formulas, suggesting more insight and accuracy than can possibly be achieved. Where the markets assess, demand and adjust intrinsic risk...
