by David Schwartz J.D. CPA | Sep 25, 2023 | All, Change Overview and Rationale, Cross-Post
In March 2021, Archegos Capital Management, a family office run by Bill Hwang, collapsed in a spectacular fashion, leaving its counterparties with over $10 billion in losses. The collapse of Archegos was one of the largest hedge fund failures in history, and it has...
by David Schwartz J.D. CPA | Aug 19, 2022 | All, Cross-Post, Formal Regulatory Remedies
A collection of the globe’s most significant securities trade associations[1] joined forces to file a comprehensive response to the Basel Committee on Banking Supervision’s (BCBS) second public consultation on the prudential treatment of banks’...
by David Schwartz J.D. CPA | Apr 27, 2022 | All, Change Overview and Rationale, Cross-Post
The Securities and Exchange Commission (SEC) filed a civil lawsuit against Archegos Capital Management, its founder, and several other individuals in April 2022. The SEC alleges that Archegos engaged in a fraudulent scheme to manipulate the market for the securities...
by David Schwartz J.D. CPA | Dec 12, 2021 | All, Commentary, Cross-Post, Disclosure Regimes
Finding a Better Value Proposition for the SEC’s Sec Lending Disclosure Rule The SEC has proposed a radical and potentially very costly reporting regime for securities finance transactions to increase transparency “to brokers, dealers, and...
by David Schwartz J.D. CPA | Mar 19, 2021 | All
DTCC has applied to the US Securities and Exchange Commission for permission to launch a securities finance clearing service. DTCC’s fixed income arm, the National Securities Clearing Corporation (NSCC), spearheads the central clearing initiative, touting the...
