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...
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...
