by David Schwartz J.D. CPA | 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 | 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 | 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...
by David Schwartz J.D. CPA | Oct 19, 2009 | All, Disclosure Regimes, Formal Regulatory Remedies
The Swiss National Bank believes that resolution measures are needed to liquidate international banks without terminal damage to the real economy. “Too big to fail” and “too big to rescue” are the biggest challenges facing regulators today: Swiss National...
by David Schwartz J.D. CPA | Oct 19, 2009 | All, Disclosure Regimes, Formal Regulatory Remedies
Higher capital levels are expected to form the best long-term protection, just as more liquidity will be the best buffer for short-term stresses. To insure that financial defenses are uniformly adopted, global supervisors recommend the inclusion of all business models...
