by David Schwartz J.D. CPA | Oct 23, 2012 | All
Increased capital requirements are squeezing as many as 25% of financial firms out of certain business lines, according to the fourth annual survey by the Professional Risk Managers’ Association (PRMIA), which was co-sponsored by SunGard. The survey finds, among other...
by David Schwartz J.D. CPA | Oct 21, 2012 | All, Formal Regulatory Remedies
On October 17, 2012, the SEC published its long awaited proposals for new rules governing “security-based swaps.” Recognizing the considerable concern over the cross-border effect of this proposed new regime for OTC derivatives, the Commission chose to set...
by David Schwartz J.D. CPA | Oct 13, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
[G]lobal interconnections within the swap markets require cross-border regulatory cooperation and harmonization, as no one national regulator is equipped with the resources necessary to regulate comprehensively every participant in its local market nor every market in...
by David Schwartz J.D. CPA | Aug 15, 2012 | All, Formal Regulatory Remedies
In their joint response to the European Securities and Markets Authority (ESMA) draft technical standards for the regulation on OTC derivatives, the Dutch Pension Federation, APG, MN, PGGM, Shell and Syntrus Achmea Asset Management, major players in the Dutch pension...
by David Schwartz J.D. CPA | Jul 24, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Basel Committee on Banking Supervision and the International Organization of Securities Commissions (IOSCO) jointly have published a consultative paper on margin requirements for non-centrally-cleared derivatives. The paper presents the initial policy proposals...
