by David Schwartz J.D. CPA | Apr 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a November 2, 2015 speech in Madrid, Stefan Ingves, Chairman of the Basel Committee and Governor of Sveriges Riksbank, announced that the Basel Committee on Banking Supervision will revisit internal risk modeling by banks. According to Mr. Ingves, “ample...
by David Schwartz J.D. CPA | Feb 24, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Basel Committee on Banking Supervision has announced its planned areas of focus for 2015 and 2016 as it continues to propose and finalize the remaining elements of its Basel III regulatory reform agenda. The Committee will continue to pursue its post-crisis reform...
by David Schwartz J.D. CPA | Jun 29, 2014 | All, Change Overview and Rationale, Commentary
In their 84th Annual Report, the Bank for International Settlements examines the current state of global financial affairs and highlights some trends it sees emerging in the financial framework. While noting that the overall financial system has has gained some...
by David Schwartz J.D. CPA | Oct 19, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Bank for International Settlements (BIS) and the International Organization of Securities Commissions (IOSCO) have published their final framework for margin requirements for non-centrally cleared derivatives. The document sets forth globally agreed standards for...
by David Schwartz J.D. CPA | Apr 17, 2013 | All, Change Overview and Rationale, Disclosure Regimes, Traditions
The latest financial crisis was marked by a spectacular lack of understanding about the astounding levels of risk that had been allowed to build up throughout the system. Regulators and risk managers realized after the fact that the data they needed to understand the...
