by David Schwartz J.D. CPA | Dec 29, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In October 2014, the Bank for International Settlements (BIS) adopted final standards for the “net stable funding ratio” (NSFR), the last plank in the Basel III banking reforms. The NSFR was first proposed in 2009, and elicited much concern from the industry...
by David Schwartz J.D. CPA | Dec 20, 2014 | All, Change Overview and Rationale, Cross-Post, Formal Regulatory Remedies
Borrower default indemnification, sometimes referred to as a “securities replacement guarantee,” is fairly common in the securities lending industry. Under the typical arrangement, should a borrower of a security fail to return it at the end of the loan, the...
by David Schwartz J.D. CPA | Sep 19, 2014 | All, Formal Regulatory Remedies, ROSE
With the November 15 and 16 G20 Summit in Brisbane fast approaching, policy makers and regulators in the US and the UK have been hard at work. Not to be outdone, IOSCO, ESMA, and BIS have also been busy. Eager to demonstrate progress on financial re-regulation and...
by David Schwartz J.D. CPA | Jul 24, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
On July 2, 2013, the Board of Governors of the Fed issued final capital rules for banks implementing both the Basel III Capital Framework and certain additional requirements imposed by the Dodd-Frank Act. On July 17, 2013, the EU’s Capital Requirements Directive...
by David Schwartz J.D. CPA | Jun 24, 2012 | All, Formal Regulatory Remedies
The Board of Governors of the Federal Reserve System voted on June 7 to approve proposed rules intended to implement the regulatory capital standards promulgated under “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems.” These...
