by David Schwartz J.D. CPA | Apr 19, 2013 | All, Disclosure Regimes, Formal Regulatory Remedies
At this point, we’re basically saying all repos should be accounted for as borrowings. FASB Chairman Leslie Seidman On January 15, 2013, the Financial Accounting Standards Board (FASB) proposed changes to accounting standards for repos intended to improve...
by David Schwartz J.D. CPA | Jan 19, 2013 | All, Change Overview and Rationale, Commentary, Formal Regulatory Remedies
Repo is very much in the news lately, even coming up on the radar screen of the New York Times’ Gretchen Morgenson. Morgenson penned an article in the Times’ September 14, 2013 issue, After a Financial Flood, Pipes Are Still Broken, in which she worries...
by David Schwartz J.D. CPA | Jan 12, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
Securities lending is a potentially pro-cyclical source of funding, raising the possibility that participants will have to dump securities during times of financial stress. It can lead to unexpected connections among disparate market players, such as insurance...
by David Schwartz J.D. CPA | Nov 18, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Appropriate monitoring and regulatory frameworks for the shadow banking system needs to be in place to mitigate the build-up of risks. On November 18, 2012, the Financial Stability Board (FSB) published for public consultation an initial integrated set of policy...
by David Schwartz J.D. CPA | Apr 22, 2012 | All, Formal Regulatory Remedies
As capital requirements and structural reforms of banks and financial institutions fall into place, global financial regulators are renewing their efforts to bring shadow banking and securitized credit extension under some form of regulatory discipline. Though shadow...
