by David Schwartz J.D. CPA | Jun 19, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an October 14, 2013 address, William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, expressed some lingering concerns he and the Fed have about the tri-party repo market. Despite the reform efforts of both regulators and...
by David Schwartz J.D. CPA | Mar 24, 2013 | All, Formal Regulatory Remedies
Rather than responding appropriately to the crisis, which would include developing a modern regulatory system with the flexibility to adapt to changes in the global financial system, we instead have been saddled with an increasingly prescriptive and inflexible...
by David Schwartz J.D. CPA | Dec 30, 2012 | All, Change Overview and Rationale
In response to interpretive questions received from banking officials, finance ministers, regulators, bankers and other industry players, the Bank for International Settlements (BIS) has issued further clarifications to their regulatory frameworks for capital and...
by David Schwartz J.D. CPA | Sep 19, 2012 | All, Formal Regulatory Remedies
George Osborne, the UK’s Chancellor of the Exchequer, voiced concernsabout the potential negative effects the proposed Volker Rule provisions may have on the liquidity of global funding markets and particularly non-US sovereign debt markets. Osborne communicated...
by David Schwartz J.D. CPA | Jul 22, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Banking regulation is inappropriate for MMFs and would end MMFs as we know them at great cost to the millions of investors who value them for their efficiency and safety, and to the financial system as a whole. Already subject to a comprehensive regulatory regime,...
