by David Schwartz J.D. CPA | Apr 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Financial Stability Board’s (FSB) sixth annual shadow banking survey found that the shadow banking market remains robust and growing, equivalent to 13 percent of total financial system assets and 70 percent of the GDP of 28 covered jurisdictions. The report...
by David Schwartz J.D. CPA | Nov 26, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
At its November 17, 2016 plenary session in London, the Financial Stability Board (FSB) met to discuss current vulnerabilities and agree on priorities for 2017. While noting that the global financial system is more resilient as a result of the regulatory reforms...
by David Schwartz J.D. CPA | Sep 26, 2016 | All, Formal Regulatory Remedies
In a 65-page comment letter responding to the Financial Stability Board’s (“FSB”) June 22, 2016 consultation paper, “Proposed Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities,” SIFMA vigorously championed...
by David Schwartz J.D. CPA | Jul 23, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a July 19, 2016 letter to the G20 Finance Ministers and Central Bank Governors ahead of their meeting July 23-24 meeting in Chengdu, Financial Stability Board Chair and Governor of the Bank of England Mark Carney updated the G20 leaders on the FSB’s progress made...
by David Schwartz J.D. CPA | Jun 25, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On June 22, 2016, the Financial Stability Board (FSB) published a consultation paper proposing a framework to address four areas it sees as structural vulnerabilities from asset management activities that could potentially present financial stability risks. The...
