by David Schwartz J.D. CPA | Dec 16, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In its most recent Annual Report, the Office of Financial Research (OFR) warns that despite the strengthening global financial system, threats to financial stability still remain, and it is no time for complacency. Formed in 2010 as a part of the Treasury Department...
by David Schwartz J.D. CPA | Nov 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
The financial crisis of 2007-08 was a crisis of liquidity. Facing deep uncertainty about the condition of counterparties and the value of collateral assets, investors refused to offer new short-term lending or even to roll over existing repos and similar extensions of...
by David Schwartz J.D. CPA | Nov 18, 2014 | All, Formal Regulatory Remedies, ROSE
On November 13, the Financial Stability Board published a consultation report that sets forth proposed standards and processes for global securities financing and data collection and aggregation. Previously, the FSB recommended that national/regional authorities...
by David Schwartz J.D. CPA | Oct 15, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
Securities financing transactions such as repos are important funding tools for a wide range of market participants, including non-bank financial firms. The implementation of the numerical haircut floors on securities financing transactions will reduce the build-up of...
by David Schwartz J.D. CPA | Jun 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a November 22, 2013 address before the Americans for Financial Reform and Economic Policy Institute Conference, Federal Reserve Board Governor Daniel K. Tarullo outlined a potential regulatory initiative to limit short-term wholesale funding risks. As we mentioned...
