by David Schwartz J.D. CPA | Jan 18, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Securities and Exchange Commission’s September 2015 rule proposals addressing mutual fund liquidity issues have not been received with great enthusiasm by the fund industry. Some major players have made it quite clear in their comment letters that they feel the...
by David Schwartz J.D. CPA | Oct 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a preview of FINRA’s 2016 letter on regulatory priorities and emerging risks, FINRA’s CEO, Richard Ketchum said that FINRA’s exam focus in the upcoming year will be on three key issues: outsourcing, cyber risk and liquidity concerns. Ketcham also said... by David Schwartz J.D. CPA | Aug 30, 2015 | All, Change Overview and Rationale
PWC has published an August 2015 study commissioned by The Global Financial Markets Association (GFMA) and the Institute for International Finance (IIF) intended to examine the post-crisis state of global financial market liquidity. Among its findings, the study...
by David Schwartz J.D. CPA | Aug 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
On October 7, 2015, the Office of Financial Research (OFR) published a paper highlighting the difficulties in interpreting the Liquidity Coverage Ratio (LCR), a new standard set by bank regulators after the financial crisis to help ensure banks maintain sufficient...
by David Schwartz J.D. CPA | Jun 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a September 30, 2015 speech before the SIFMA Liquidity Forum in New York, Fed President and Chief Executive Officer William C. Dudley addressed concerns that market liquidity is being hindered by regulation. While open to the idea of finding a better balance...
