by David Schwartz J.D. CPA | Sep 12, 2013 | All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies, Procedural Changes
On August 29, 2013, the Financial Stability Board (FSB) issued its finalized policy framework for its securities lending and repo workstream. As part of a larger examination of shadow banking, the FSB focused on five specific areas in which policies are needed to...
by David Schwartz J.D. CPA | Jun 19, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Risk Management Association’s Committee on Securities Lending has filed a 40-page response to the Financial Stability Board’s recent whitepaper on shadow banking, focusing on its recommendations regarding securities lending and repo. The January 14,...
by David Schwartz J.D. CPA | Sep 19, 2012 | All, Change Overview and Rationale
In a May 16, 2012 letter to the European Commission, the Managed Fund Association (MFA), an association of hedge funds and managed future firms, shot back at the FSB’s April 2011 greenpaper/background note on shadow banking. In its response, MFA argues that it...
by David Schwartz J.D. CPA | Aug 19, 2012 | All, Formal Regulatory Remedies
At the request of the Financial Stability Board, IOSCO has published a consultation paper on the potential regulatory reforms of money market funds. The purpose of the consultation paper is to share with market participants IOSCO’s preliminary analysis regarding the...
by David Schwartz J.D. CPA | Jul 22, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Banking regulation is inappropriate for MMFs and would end MMFs as we know them at great cost to the millions of investors who value them for their efficiency and safety, and to the financial system as a whole. Already subject to a comprehensive regulatory regime,...
