by David Schwartz J.D. CPA | Oct 28, 2014 | All, Change Overview and Rationale
These heightened capital requirements for licensed banks may trigger even more regulatory arbitrage than was observed in the recent past, thereby inducing a large migration of banking activities towards the shadow banking system. The higher solvency of the licensed...
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 | Oct 22, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Office of the Comptroller of the Currency (OCC) and Board of Governors of the Federal Reserve System (Fed) published final rules in the Federal Register on October 11, 2013 revising risk-based and leverage capital requirements for banking organizations and...
by David Schwartz J.D. CPA | Jan 16, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
On December 20, 2011, the Federal Reserve Board of Directors published its long awaited proposal on enhanced prudential standards and early remediation requirements. This proposal, required by the Dodd-Frank Act, would impose greater levels of regulation and...
