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...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | Jan 19, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies
On October 18, the Basel Committee issued a report documenting Basel Committee members’ progress in adopting Basel II, Basel 2.5 and Basel III as of September 2011. The report provides a high level summary of the the status of domestic legislative and...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
