by David Schwartz J.D. CPA | May 23, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a keynote address before the Systemic Risk and Organization of the Financial System Conference in California on May 12, 2017 FDIC Vice Chairman Tom Hoenig announced his novel market-based proposal to strengthen the financial system and provide regulatory relief and...
by David Schwartz J.D. CPA | May 7, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a speech before the US Chamber of Commerce’s 11th Annual Capital Market Summit, the CFTC’s acting Chairman J. Christopher Giancarlo announced a new project to simplify the agency’s regulations. Remarking that, “America’s derivatives markets are struggling, in...
by Ed Blount | Apr 23, 2017 | All, Commentary
The latest legislative offering in the U.S., the Financial CHOICE Act, does nothing for securities finance. Nothing in the bill provides an exemption to the funding markets from the crushing weight of regulatory reform. At present, both political parties in the US...
by David Schwartz J.D. CPA | Apr 20, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On April 19, Rep. Jeb Hensarling (R-TX) published a discussion draft of his Financial CHOICE Act (Version 2), updated from his original 2016 draft (Version 1).[1] While keeping what the Rep. Hensarling calls its “pro-growth, pro-consumer” features that would end...
by David Schwartz J.D. CPA | Apr 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
A working paper published on April 3, 2017 by the US Federal Reserve attempts to quantify the costs and benefits of bank capital to arrive at an estimate of the optimal capital ratio for U.S. banks. In their paper,[1] authors Simon Firestone, Amy Lorenc, and Ben...
