by David Schwartz J.D. CPA | Feb 19, 2013 | All
The Financial Stability Oversight Council’s recently released 2013 Annual Report revealed that the FSOC will defer to the Securities and Exchange Commission on further reforms for money market mutual funds (MMFs), so long as the SEC moves forward with...
by David Schwartz J.D. CPA | Dec 25, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
The outflow of money fund assets to an unregulated market is a significant systemic risk concern, and can result in harm to our market and investors. The Financial Stability Oversight Council, Financial Stability Board, and Securities and Exchange Commission still...
by David Schwartz J.D. CPA | Nov 18, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Appropriate monitoring and regulatory frameworks for the shadow banking system needs to be in place to mitigate the build-up of risks. On November 18, 2012, the Financial Stability Board (FSB) published for public consultation an initial integrated set of policy...
by David Schwartz J.D. CPA | Nov 14, 2012 | All, Formal Regulatory Remedies
Pursuant to powers granted to it by Section 120 of the Dodd-Frank Act, on November 13, 2012, the Financial Stability Oversight Council (“FSOC”) approved proposed recommendations for the structural reform of money market mutual funds (“MMFs”)....
by David Schwartz J.D. CPA | Oct 14, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Both the President’s Working Group on Financial Markets and the Financial Stability Oversight Council have consistently called for the SEC to pursue additional reforms to address structural vulnerabilities in [money market funds], including unanimous...
