by David Schwartz J.D. CPA | Jun 21, 2012 | All, Change Overview and Rationale
In a piece published June 14, Peter J. Wallison, Fellow at the American Enterprise Institute, argues against imposing any new regulation on shadow banking markets and firms without without convincing proof they need it. According to Wallison, the calls from regulators...
by David Schwartz J.D. CPA | Jun 17, 2012 | All, Change Overview and Rationale
Deloitte LLP has come up with clever new way to describe and track the size and changes in the shadow banking industry. Recognizing that market participants and regulators lacked clarity and consistency when it came to defining, measuring, and framing the debate about...
by David Schwartz J.D. CPA | May 23, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an April interview with BaFin Quarterly, Dr. Elke König, the head of Germany’s Federal Financial Supervisory Authority (BaFin), called for the swift regulation of shadow banking and derivatives. Critical of the FSB’s data gathering approach to shadow...
by David Schwartz J.D. CPA | May 20, 2012 | All, Formal Regulatory Remedies
Shadow banking, i.e., credit intermediation outside the regular banking system, may represent the greatest challenge facing financial policy makers today. Since the G20 Summits in Seoul in 2010 and Cannes in 2011, regulators have struggled to envision the changes...
by David Schwartz J.D. CPA | Apr 24, 2012 | All, Change Overview and Rationale
In an April 13 address, Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System, made clear that he sees the system of shadow banking as a key vulnerability that makes another catastrophic economic crisis nearly inevitable. In Bernanke’s...
