by David Schwartz J.D. CPA | Nov 19, 2010 | All, Disclosure Regimes, Procedural Changes
Legislators will be better equipped to enact appropriate reforms if their deliberations are based on meaningful data regarding hedge funds. IOSCO: IOSCO believes that regulators should seek to develop a comparable and consistent set of data to be collected from local...
by David Schwartz J.D. CPA | Oct 19, 2010 | All, Change Overview and Rationale, Disclosure Regimes
From July 2007 to March 2009, share prices for global banks fell by 75%. That erased US$5 trillion in shareholder equity. Considering all markets, McKinsey has estimated that the fall in global wealth was US$25 trillion. To put that in context, the lost wealth was...
by David Schwartz J.D. CPA | Sep 19, 2010 | All, Disclosure Regimes, Procedural Changes
Although much will be expected of regulators over the next several years, it is unlikely that their budgets will be enhanced commensurately. As a result, creative affiliations will be established with the private sector, to include in-house compliance professionals...
by David Schwartz J.D. CPA | Jun 28, 2010 | All, Change Overview and Rationale, Disclosure Regimes
Regulators have reported the conclusions of study groups looking into the causes of, and remedies for the Credit Crisis. A consensus of opinion exists as to causes, with a growing emphasis among larger central banks on the failings of liquidity risk management. All...
by David Schwartz J.D. CPA | Feb 26, 2010 | All, Change Overview and Rationale, Disclosure Regimes
Regulators during the crisis were most concerned about the nearly unmanageable spike in systemic risk which, according to the IMF, FSB and BIS, is defined as “a risk of disruption to financial services that is caused by an impairment of all or parts of the...
