by David Schwartz J.D. CPA | Jan 19, 2011 | All, Change Overview and Rationale
FSB data published in its October 27, 2011 report, Shadow Banking: Strengthening Oversight and Regulation, reveals that among the eleven largest economies with significant shadow banking, the shadow banking sector has surpassed the levels prior to the financial...
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...
by David Schwartz J.D. CPA | Jan 19, 2011 | All, Change Overview and Rationale, Procedural Changes
In a June address before the British Bankers’ Association Annual International Banking Conference in London, Paul Tucker, Deputy Governor for Financial Stability at the Bank of England, explained his thoughts on redrawing the social contract between banking and...
by David Schwartz J.D. CPA | Dec 19, 2010 | All, Disclosure Regimes, Formal Regulatory Remedies
According to the Bank of England, “The lasting legacy of this crisis is too much debt held by too many sectors against too little capital.” A McKinsey study found that, since 2000, gross debt for the ten largest economies grew by US$40 trillion, or a rise of...
by David Schwartz J.D. CPA | Dec 19, 2010 | All, Disclosure Regimes, Formal Regulatory Remedies
Organized exchanges and central counterparty structures are expected to lower the threat from opaque, concentrated trading networks.[1] Bank for International Settlements: A key way to lessen the systemic risks created by large, interconnected firms is to put in place...
