by David Schwartz J.D. CPA | Dec 29, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In October 2014, the Bank for International Settlements (BIS) adopted final standards for the “net stable funding ratio” (NSFR), the last plank in the Basel III banking reforms. The NSFR was first proposed in 2009, and elicited much concern from the industry...
by David Schwartz J.D. CPA | Dec 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
With the Dodd-Frank Wall Street Reform and Consumer Protection Act having just celebrated its fourth birthday, where exactly are we in the the reform of our seemingly ever-evolving regulatory framework? In a recent paper, Dan Ryan, Chairman of the Financial Services...
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 | Nov 25, 2014 | All, Change Overview and Rationale, Procedural Changes
With the conclusion of their November 15 and 16 meeting in Brisbane, the G20 has published their official communiqué outlining the group’s progress, plans, and areas of focus. Financial regulatory reform remains the central focus of G20 activities. However, with the...
by David Schwartz J.D. CPA | Nov 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
The financial crisis of 2007-08 was a crisis of liquidity. Facing deep uncertainty about the condition of counterparties and the value of collateral assets, investors refused to offer new short-term lending or even to roll over existing repos and similar extensions of...
