by David Schwartz J.D. CPA | Dec 28, 2016 | All, Formal Regulatory Remedies
SEC Chair Mary Jo White is not sticking around at the SEC after the inauguration next month. But she does not plan to be idle in her remaining time at the Commission. In a pointed response to an earlier request by GOP senators to stop issuing new rules called for by...
by David Schwartz J.D. CPA | Dec 27, 2016 | All, Change Overview and Rationale
By now, all but the most strident luddite has heard of Bitcoin, the notorious stateless crypto-currency. Naturally, financial firms and regulators have started to take notice of Bitcoin. But it is not necessarily the currency they are interested in. Rather, they are...
by David Schwartz J.D. CPA | Nov 19, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
Modern financial markets are a finely woven tapestry of market makers, investment products and vehicles, and investors with diverse expectations and risk appetites. Holding the whole thing together is a structure of rules and regulations. Altering this intricate...
by David Schwartz J.D. CPA | Nov 14, 2016 | All, Change Overview and Rationale
Prior to Basel III and Dodd-Frank, broker-dealers were the world’s main supply of high quality liquid assets (HQLA). New regulations have forced broker-dealers to reduce drastically their inventories of these high quality collateral assets at a time when a flight to...
by David Schwartz J.D. CPA | Oct 19, 2016 | All, Disclosure Regimes
In its 2016 annual report published in July, the Financial Stability Oversight Council (FSOC) said that more and better data was needed to assess the potential systemic risks associated with securities lending and repo. The super-regulator called for more transparency...
