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 | 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...
by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
