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 | 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 | Sep 21, 2014 | All, Change Overview and Rationale, Lender Directed Voting
The Financial Reporting Council (FRC), UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, has issued a revised UK Corporate Governance Code. The changes to the Code are designed to strengthen the...
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...
