by David Schwartz J.D. CPA | Jun 24, 2012 | All, Formal Regulatory Remedies
The Board of Governors of the Federal Reserve System voted on June 7 to approve proposed rules intended to implement the regulatory capital standards promulgated under “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems.” These...
by David Schwartz J.D. CPA | Apr 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
In his October 10, 2012 remarks at the University of Pennsylvania Law School, Federal Reserve Board Governor, Daniel K Tarullo, criticized Dodd-Frank sharply for missing the mark in a number of vital ways in its framework for ensuring financial stability. Tarullo...
by David Schwartz J.D. CPA | Feb 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Basel III introduces a leverage ratio and raises the minimum risk-weighted capital ratios, but it does so using highly arcane formulas, suggesting more insight and accuracy than can possibly be achieved. Where the markets assess, demand and adjust intrinsic risk...
by David Schwartz J.D. CPA | Nov 22, 2011 | All, Change Overview and Rationale, Formal Regulatory Remedies, Procedural Changes
In a strongly worded letter to Federal Reserve Chair Ben Bernanke, Rep. Maurice Hinchey (D-NY), Rep. Peter Welch (D-VT), and 15 other House members urged the Fed and other federal regulators to reject the current draft of the Volcker Rule regulations and replace them...
by David Schwartz J.D. CPA | Sep 19, 2011 | All, Formal Regulatory Remedies
In a December 7 letter to the Fed, SEC, CFTC, OCC, and FDIC, House Financial Services Committee Chair Spencer Bachus (R-ALA) requested that the comment period for the proposed regulations implementing the Dodd-Frank Volcker Rule be extended for at least 30 days to...
