by David Schwartz J.D. CPA | Feb 19, 2012 | All, Formal Regulatory Remedies
In an address in February before the Practicing Law Institute, SEC Chairman Mary Schapiro outlined for the audience the Commission’s plans to build, from the ground up, a new regulatory regime for over-the-counter derivatives. The innovative and heretofore...
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...
by David Schwartz J.D. CPA | Feb 13, 2012 | All, Formal Regulatory Remedies
Nasdaq has proposed new rules for the the qualification, listing, trading, and delisting of a broad list of structured notes and other related products. Although the present NASDAQ Rule 5710 includes initial listing standards for equity index-linked securities and...
by David Schwartz J.D. CPA | Feb 12, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
While the short-term challenges that threaten the system are real, and should be dealt with promptly using a variety of policies, it would be wrong to let them weaken our commitment to financial reform Dismissing calls to weaken or reconsider global financial reforms...
by David Schwartz J.D. CPA | Jan 29, 2012 | All, Formal Regulatory Remedies
In light of current conditions in the financial markets, CONSOB, the Italian banking and securities regulatory body, has extended its ban on short selling of financial sector stocks. Initially adopted on August 12, 2011 and subsequently extended until January 15,...
