by David Schwartz J.D. CPA | Mar 25, 2014 | All, Formal Regulatory Remedies
In a strong defense of the stability and safety of the asset management industry, Investment Company Institute President and CEO Paul Schott Stevens told the Mutual Fund and Investment Management Conference that not only are asset managers and the funds that they...
by David Schwartz J.D. CPA | Feb 17, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
Creating a system of enhanced monitoring of systematic risk and supervision of systematically important financial institutions (SIFIs) is a key objective of global regulatory reform in the aftermath of the financial crisis. Having established criteria for determining...
by David Schwartz J.D. CPA | Nov 19, 2013 | All, Change Overview and Rationale
On November 5, 2013, the Financial Stability Board (FSB) launched the second stage of its two-stage quantitative impact study on the proposed regulatory framework for securities financing transactions. As you may recall, on August 29, 2013, the FSB published the...
by David Schwartz J.D. CPA | Sep 12, 2013 | All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies, Procedural Changes
On August 29, 2013, the Financial Stability Board (FSB) issued its finalized policy framework for its securities lending and repo workstream. As part of a larger examination of shadow banking, the FSB focused on five specific areas in which policies are needed to...
by David Schwartz J.D. CPA | Jan 12, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
Securities lending is a potentially pro-cyclical source of funding, raising the possibility that participants will have to dump securities during times of financial stress. It can lead to unexpected connections among disparate market players, such as insurance...
