by David Schwartz J.D. CPA | 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 | 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 | 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...
