by David Schwartz J.D. CPA | Apr 19, 2011 | All, Formal Regulatory Remedies, Procedural Changes
In a report issued April 12, 2011, the Financial Stability Board (FSB) highlighted a number of practices engaged in by exchange-traded funds that may be sources of risk to financial stability. Calling for greater disclosure and transparency, securities lending was...
by David Schwartz J.D. CPA | Feb 19, 2011 | All, Change Overview and Rationale, Disclosure Regimes
In a September 1, 2011 speech at Clare College in Cambridge, Paul Fisher, Executive Director for Markets of the Bank of England, outlined his thoughts on ways risk taking is executed and how contracts between parties assuming these risks can have “a profound impact on...
by David Schwartz J.D. CPA | Feb 19, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
At the request of the G20, a Financial Stability Board task force (Task Force) has published recommendations to strengthen the oversight and regulation of the shadow banking system. As we discussed in our April 28, 2011 post, “FSB Task Force Frames the...
by David Schwartz J.D. CPA | Feb 19, 2011 | All, Formal Regulatory Remedies, Procedural Changes
Taiwan has recently taken steps to curb short selling and securities lending to address extreme share price volatility. In an effort to stabilize equity markets, Taiwan’s Financial Supervisory Commission on November 21 set a new daily limit on short selling of...
by David Schwartz J.D. CPA | Jan 19, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
At its September 28, 2011 meeting, the Basel Committee (the “Committee) approved a range of measures aimed at finalizing the Committee’s July 2011 consultative document, “Global systemically important banks: Assessment methodology and the additional loss absorbency...
