by David Schwartz J.D. CPA | Dec 14, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
On Friday, December 11, as previously announced, the SEC voted to propose a new rule regarding the use of derivatives by mutual funds, closed-end funds, ETFs, and business development companies. Since as far back as the 1990s under Chairman Aurthur Levitt, the SEC has...
by David Schwartz J.D. CPA | Nov 19, 2015 | All, Disclosure Regimes, Procedural Changes, ROSE
On November 18, 2015, the Financial Stability Board (FSB) published its final Standards and Processes for Global Securities Financing Data Collection and Aggregation. The final standards are based on the FSB’s previous November 2014 consultation paper and define the...
by David Schwartz J.D. CPA | Aug 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Securities and Exchange Commission has announced that it will hold hearings on December 11 to “consider whether to propose a new rule and amendments to certain proposed forms related to the use of derivatives by registered investment companies and business...
by David Schwartz J.D. CPA | Jul 22, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
On July 21, 2015, following a long five-year proposal and comment period, the collection of restrictions imposed by Section 619 of the Dodd-Frank Act and the regulations thereunder (commonly referred to as the “Volcker Rule”) finally went into effect. The aim of...
by David Schwartz J.D. CPA | Apr 27, 2015 | All, Change Overview and Rationale, Procedural Changes
Prior to the financial crisis, regulators only had limited data available to them about securities lending and repo markets. The crisis exposed a number of vulnerabilities previously not recognized as a result of this lack of data. Right away, regulators realized that...
