by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Nov 21, 2011 | All, Formal Regulatory Remedies
The Basel Committee on Banking Supervision has issued a Frequently Asked Questions document providing technical elaboration on its counterparty credit risk rules, published in June. This FAQ document questions and technical interpretations grouped according to the...
by David Schwartz J.D. CPA, Executive Director | Nov 19, 2011 | All, Formal Regulatory Remedies
On November 9, 2011, Senators Kay R. Hagan (D-NC) and Bob Corker (R-TN) introduced a bill that would provide a legislative framework for establishing a US covered bond market. The purpose behind creating a covered bond market in the US is to enhance liquidity and...
