by David Schwartz J.D. CPA | Sep 19, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Chancellor of the Exchequer has proposed a radical reformulation of financial services regulation in the UK unifying for the first time macro-prudential regulation, day-to-day oversight, and conduct of business regulation of all financial services firms. Under the...
by David Schwartz J.D. CPA | Sep 14, 2011 | All, Disclosure Regimes, Formal Regulatory Remedies, Procedural Changes
Not least the frequently cited deficiencies of the Greek statistical system (with respect to both methodological and institutional aspects) have reminded us of the importance of reliable, accurate and timely statistics for the functioning and credibility of our whole...
by David Schwartz J.D. CPA | Sep 14, 2011 | All, Change Overview and Rationale, Disclosure Regimes
Following the financial crisis, the UK established the Independent Commission on Banking (ICB) to examine options for the reform of the country’s banking industry. In June 2010, the ICB was asked to study a range of structural and non-structural reforms to the UK...
by David Schwartz J.D. CPA | Aug 19, 2011 | All, Formal Regulatory Remedies
The Fed, the FDIC and the OCC have issued a release seeking additional comment on proposed modifications to the agencies’ market risk capital rules for banks with significant trading activities. This release amends a December 2010 proposal, and includes alternative...
by David Schwartz J.D. CPA | Jun 19, 2011 | All, Formal Regulatory Remedies
On November 15, the House Capital Markets Subcommittee approved legislation that would amend the Employee Retirement Income Security Act, the Commodity Exchange Act, and the Securities Exchange Act to ensure that pension plans can use swaps to hedge risks. The...
