by David Schwartz J.D. CPA | Aug 19, 2017 | All, Formal Regulatory Remedies
On January 12, 2017, the Financial Stability Board (FSB) published its Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities. The FSB published a consultation on this topic in June of 2016, and the January publication...
by David Schwartz J.D. CPA | Jul 18, 2017 | All, Disclosure Regimes, Formal Regulatory Remedies
In his first address as Chairman of the Securities and Exchange Commission, Jay Clayton reaffirmed his dedication to the Commission’s guiding principles and historic approach to regulation. At the same time, however, Chairman Clayton said he sees areas where the SEC’s...
by David Schwartz J.D. CPA | Jun 19, 2017 | All, Disclosure Regimes, Formal Regulatory Remedies
On June 1, 2017, the Public Company Accounting Oversight Board (PCAOB) voted to adopt new standards for public company audit reports. The new auditing standard, AS 3101, is the result of nearly eight years of work by the PCAOB with members of the public accounting...
by David Schwartz J.D. CPA | Mar 30, 2017 | All, Disclosure Regimes, Formal Regulatory Remedies
The European Securities and Markets Authority (ESMA)’s report on Trends, Risks, and Vulnerabilities No. 1, 2017 (TRV) is the body’s latest effort to highlight areas of risk facing European financial markets. Noting that financial markets remained relatively calm since...
by David Schwartz J.D. CPA | Feb 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In dual releases published on January 25, 2017, the Financial Stability Board (FSB) expressed concern that reuse of collateral and rehypothecation of client assets may pose financial stability issues. The financial crisis demonstrated that collateral re-use and...
