by David Schwartz J.D. CPA | Mar 23, 2012 | All, Formal Regulatory Remedies
With all the legislative changes, additional required disclosures, say on pay and corporate governance issues percolating in the background, investors, companies, and investment managers are faced with a challenging 2012 proxy season. Today we alert you to two issues...
by David Schwartz J.D. CPA | Mar 19, 2012 | All, Formal Regulatory Remedies
On May 23, the European Parliament adopted a controversial financial transaction tax that would impose a 0.1% tax for shares and bonds and a 0.01% tax on derivatives. The language casts a very wide net and would require financial institutions located outside the EU to...
by David Schwartz J.D. CPA | Mar 19, 2012 | All, Formal Regulatory Remedies, Procedural Changes
The European Securities and Markets Authority has issued a discussion draft on proposed regulation of OTC Derivatives, CCPs and trade repositories. The draft introduces provisions to improve transparency and reduce the risks associated with the OTC derivatives market...
by David Schwartz J.D. CPA | Jan 29, 2012 | All, Formal Regulatory Remedies
In light of current conditions in the financial markets, CONSOB, the Italian banking and securities regulatory body, has extended its ban on short selling of financial sector stocks. Initially adopted on August 12, 2011 and subsequently extended until January 15,...
