by David Schwartz J.D. CPA | Dec 16, 2011 | All, Formal Regulatory Remedies, Procedural Changes
The financial crisis has put a spotlight on the corporate governance structures of financial institutions, raising questions about whether the prevailing governance structures of banks are ineffective and whether implementing independence standards imposed by the...
by David Schwartz J.D. CPA | Nov 28, 2011 | All, Change Overview and Rationale
Over the past few months, spreads for credit default swaps (CDS) have widened quite dramatically. This is true for European sovereign CDSs as well as financial institutions, including those for US banks. For example, in September, the five-year CDS spread for Bank of...
by David Schwartz J.D. CPA | Nov 27, 2011 | All, Formal Regulatory Remedies, Procedural Changes
At the height of the financial crisis in September 2008, financial regulators in several EU Member States adopted emergency measures to restrict or ban short selling in some or all securities. These regulatory actions were prompted primarily by concerns that at a time...
by David Schwartz J.D. CPA | Nov 24, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
In a dialog at the Managed Funds Association Outlook 2011 seminar held in October between SEC Chairman Mary Schapiro, former SEC Chairman Harvey Pitt, and Managed Fund Association head, Richard Baker, Chairman Schapiro commented on the international and domestic...
by David Schwartz J.D. CPA | Nov 22, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
In a strongly worded letter to Federal Reserve Chair Ben Bernanke, Rep. Maurice Hinchey (D-NY), Rep. Peter Welch (D-VT), and 15 other House members urged the Fed and other federal regulators to reject the current draft of the Volcker Rule regulations and replace them...
