by David Schwartz J.D. CPA, Executive Director | Feb 24, 2010 | All, Disclosure Regimes, Formal Regulatory Remedies
In a recent speech by Norwegian central banker Svein Gjedrem, the case for broader involvement by smaller banks is laid out. Instead of the G20, Mr. Gjedrem argues that the 180-member International Monetary Fund should serve as the main decision- making body for the...
by David Schwartz J.D. CPA, Executive Director | Jan 27, 2010 | All, Disclosure Regimes, Formal Regulatory Remedies
As recently as 4Q09, the European Central Bank was dealing with challenges in the funding markets, noting that, “Funding liquidity problems continue to bring pressure on the major banks’ operations. While the conditions have improved substantially in most funding...
by David Schwartz J.D. CPA, Executive Director | Dec 27, 2009 | All, Change Overview and Rationale, Disclosure Regimes
Prior to the Crisis, it was thought that diversification of counterparty networks would work to reduce systemic risk in the financial system. European Central Bank: The element that had been more unexpected in the current crisis is the rigour with which systemic risk...
by David Schwartz J.D. CPA, Executive Director | Dec 22, 2009 | All, Disclosure Regimes, Procedural Changes
Regulators intend to increase the flows of bilateral information so as to isolate sources of risk as well as the ability of market participants to improve their risk management and business models. European Central Bank: Any well-functioning macro-supervisory...
by David Schwartz J.D. CPA, Executive Director | Dec 20, 2009 | All, Disclosure Regimes, Procedural Changes
European Central Bank: We have to succeed. At stake is not only the stability of one of the world’s largest financial systems, but also the support from the over 490 million citizens in the European Union who are watching our efforts very closely. We have counted very...
