by David Schwartz J.D. CPA | May 30, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
Amidst the series of legal settlements in recent months by global banks for forex market manipulation, the Bank for International Settlements (BIS) has announced that it will set up a working group under its Markets Committee to study improvements in the foreign...
by David Schwartz J.D. CPA | May 19, 2015 | All, Change Overview and Rationale
On December 7, 2014, the Bank for International Settlements (BIS) issued its latest quarterly review. Looking back at the year, and the quarter in particular, BIS sees signs of a buoyant global economy, however tempered by indications of some fragility. “Markets...
by David Schwartz J.D. CPA | Apr 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a November 2, 2015 speech in Madrid, Stefan Ingves, Chairman of the Basel Committee and Governor of Sveriges Riksbank, announced that the Basel Committee on Banking Supervision will revisit internal risk modeling by banks. According to Mr. Ingves, “ample...
by David Schwartz J.D. CPA | Mar 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
Pursuant to a mandate in the Dodd-Frank act, both the Department of Labor and the Securities and Exchange Commission have been working to develop uniform fiduciary standards for investment advisers and broker-dealers. The efforts of the DOL and SEC have unfolded over...
by David Schwartz J.D. CPA | Feb 24, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Basel Committee on Banking Supervision has announced its planned areas of focus for 2015 and 2016 as it continues to propose and finalize the remaining elements of its Basel III regulatory reform agenda. The Committee will continue to pursue its post-crisis reform...
