by Ed Blount | Oct 24, 2017 | All
Following up on the publication of its first banking policy report in June, the U.S. Treasury released two more reports on Capital Markets and Asset Management. From the tone of all the reports, it’s clear that Treasury intends to lead the regulatory agencies of the...
by Ed Blount | Apr 23, 2017 | All, Commentary
The latest legislative offering in the U.S., the Financial CHOICE Act, does nothing for securities finance. Nothing in the bill provides an exemption to the funding markets from the crushing weight of regulatory reform. At present, both political parties in the US...
by Ed Blount | Oct 19, 2016 | All, Commentary
Is it true that customers always get a better price for their trades when executions take place on a regulated exchange? That seems to be the premise underlying a putative class action suit filed in federal court last November in the Southern District of New York....
by Ed Blount | Jun 19, 2016 | All, Commentary
“There is nothing less practical than a bad theory,” wrote CEO Paul Shott Stevens of the Investment Company Institute (ICI) in a July 2016 blog. Mr. Stevens introduced a series of recent findings that the ICI suggests may present a rebuttal to their members of...
by Ed Blount | Dec 19, 2014 | All, Disclosure Regimes
Convenience and low cost have always been the prime motives for customers to use bank-provided benchmarks in their portfolio analytics. That user model, shaken by the Libor scandal, now seems upside down after US, UK and Swiss regulators fined 5 major banks more than...
