by David Schwartz J.D. CPA | Nov 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a January 30, 2015 address, Federal Reserve Board Governor Daniel K. Tarullo once again voiced the Fed’s concerns about the systemic risk posed by potential firesales in the asset management industry. Tarullo indicated that as regulators implement reforms...
by David Schwartz J.D. CPA | Oct 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Fed, Financial Stability Board, and the Bank for International Settlements have beein quite busy this summer, and each issued rules or consultations in July furthering Basel III initiatives. On July 1, the Basel Committee issued a consultative document on its...
by David Schwartz J.D. CPA | Nov 18, 2014 | All, Formal Regulatory Remedies, ROSE
On November 13, the Financial Stability Board published a consultation report that sets forth proposed standards and processes for global securities financing and data collection and aggregation. Previously, the FSB recommended that national/regional authorities...
by David Schwartz J.D. CPA | Oct 15, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
Securities financing transactions such as repos are important funding tools for a wide range of market participants, including non-bank financial firms. The implementation of the numerical haircut floors on securities financing transactions will reduce the build-up of...
by David Schwartz J.D. CPA | Sep 23, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
Following its September meeting in Cairns, the Financial Stability Board (FSB) has published a press release highlighting some of the vulnerability the FSB still sees as threatening the global financial system. The release also lays out some work plans for some of the...
