by David Schwartz J.D. CPA | Jan 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a joint statement issued on February 10, 2016, the European Commission (EC) and the U.S. Commodity Futures Trading Commission (CFTC) announced agreement on a common approach regarding requirements for central clearing counterparties (CCPs). The agreement is the...
by David Schwartz J.D. CPA | Jan 30, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
On January 29, 2014, the European Commission issued its long awaited proposal for the establishment of a central database for Secured Financing Transactions. This release is a part of a larger regulatory effort aimed at increasing the transparency of certain...
by David Schwartz J.D. CPA | Jul 29, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
As the market subject to these regulations is international, it is acknowledged that, notwithstanding the high degree of similarity that already exists between the respective requirements, without coordination, subjecting the global market to the simultaneous...
by David Schwartz J.D. CPA | May 20, 2012 | All, Formal Regulatory Remedies
Shadow banking, i.e., credit intermediation outside the regular banking system, may represent the greatest challenge facing financial policy makers today. Since the G20 Summits in Seoul in 2010 and Cannes in 2011, regulators have struggled to envision the changes...
by David Schwartz J.D. CPA | Apr 29, 2012 | All, Formal Regulatory Remedies
As a result of commitments made at the G20 in 2009, member states across the globe are engaging in a number of regulatory reform initiatives addressing derivatives. Though the G20 members agreed to some basic principles of regulation, and officials say that some level...
