by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Feb 25, 2010 | All, Disclosure Regimes, Procedural Changes
Through their open market operations, the trading desks at central banks gain first-hand knowledge of evolving stresses in the inter-dealer funding markets – information which can help to monitor systemic risks. Bank for International Settlements: A first open...
by David Schwartz J.D. CPA, Executive Director | Feb 25, 2010 | All, Disclosure Regimes, Procedural Changes
Dr. Franz-Christoph Zeitler, vice president of the Deutsche Bundsbank, speaking in Frankfurt on September 24, 2009, noted the failures of backward-looking quantitative risk measurement methods, such as value-at-risk or expected- shortfall models, which “have proved...
