by David Schwartz J.D. CPA, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | May 19, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
The Financial Stability Board announced on September 1 the formation of dedicated work streams to help gauge the case for further regulatory action in five areas associated with shadow banking, notably including securities lending and repos. the regulation of banks’...
by David Schwartz J.D. CPA, Executive Director | Apr 27, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies
The “shadow” banking system played a major role in the financial crisis, but was not a central focus of many countries’ reform legislation and potentially remains largely unregulated. At the November 2010 Seoul Summit, the G20 Leaders heralded the development of...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
