by David Schwartz J.D. CPA | Dec 15, 2024 | All, Change Overview and Rationale
The Bank of England (BoE) and the Financial Conduct Authority (FCA) have released their 2024 report on artificial intelligence (AI) in UK financial services, highlighting a significant surge in AI adoption across the sector. The report, titled “Artificial...
by David Schwartz J.D. CPA | Jan 24, 2022 | All, Change Overview and Rationale, Cross-Post
A discussion paper published on January 20th invites the public to explore with the U.S. Federal Reserve Board the creation of a digital version of the U.S. dollar. A Central Bank Digital Currency (CBDC) backed by the Federal Reserve would be designed, according to...
by David Schwartz J.D. CPA | Dec 29, 2021 | All, Formal Regulatory Remedies
The European Commission has reached agreement with legislators and financial trade groups on a digitized infrastructure to reshape the EU and, by extension, the global securities markets. The resolution affects all transactions involving EU securities, including...
by David Schwartz J.D. CPA | Nov 14, 2021 | All, Commentary, Cross-Post
How Data Trusts Can Transform Securities Finance. Certain challenges in securities finance can only be met with better data and newer data models. Market regulators now coping with investor demands for ESG-compliance will have to monitor the disclosures of regulated...
by David Schwartz J.D. CPA | Aug 19, 2021 | All, Cross-Post
German courts and regulators have put securities lenders on notice that cross-border withholding tax (WHT) reclaim “schemes” are now “crimes.” Recent developments in Germany have cleared the way for sweeping tax audits and potential criminal...
