by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Jul 19, 2009 | All, Disclosure Regimes, Formal Regulatory Remedies
Many free-market economists and politicians are concerned about the potential for loss of sovereignty when agreeing to international cooperation at a level never before considered. It may well be that the first test for many countries will be during the legislative...
by David Schwartz J.D. CPA, Executive Director | Apr 19, 2009 | All, Change Overview and Rationale, Disclosure Regimes
The Bank of England has called the Credit Crisis an “extraordinary period” which will have “deep and long-lasting consequences” for the global capital markets. The United States Federal Reserve has said the “the sources of the crisis were...
by David Schwartz J.D. CPA, Executive Director | Mar 19, 2009 | All, Disclosure Regimes, Procedural Changes
IOSCO members wish to collect data and create risk profiles of hedge fund managers, in order to help assess systemic risk and “inform the relevant legislative debates.” “Systemic risk has to be identified and guarded against,” agrees the...
