by David Schwartz J.D. CPA | Sep 19, 2014 | All, Formal Regulatory Remedies, ROSE
With the November 15 and 16 G20 Summit in Brisbane fast approaching, policy makers and regulators in the US and the UK have been hard at work. Not to be outdone, IOSCO, ESMA, and BIS have also been busy. Eager to demonstrate progress on financial re-regulation and...
by David Schwartz J.D. CPA | Sep 17, 2014 | All, Formal Regulatory Remedies, Procedural Changes
While regulators should have clear expectations for boards, we need to make sure that we are creating expectations that lead to boards spending more time overseeing . . . risk-management and control functions . . . A recent address by Federal Reserve Governor Daniel...
by David Schwartz J.D. CPA | Aug 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
The different approaches to the interpretation of MiFID I across Member States mean that there is no commonly-adopted application of the definition of derivative or derivative contract in the EU for some asset classes. Whilst this issue has in the past been noted as a...
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...
