by David Schwartz J.D. CPA | Oct 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
On June 25, 2014, the Securities and Exchange Commission finalized new rules and interpretive guidance addressing the cross-border application of a security-based swap regulatory framework called for under the Dodd-Frank Act. These final rules are the first of a...
by David Schwartz J.D. CPA | Mar 19, 2014 | All, Formal Regulatory Remedies
“Clearing agencies that have been designated as systemically important or that clear security-based swaps are a backbone of the U.S. financial markets. The enhanced regulatory regime proposed today reflects the importance of effective regulation of these...
by David Schwartz J.D. CPA | Dec 19, 2013 | All, Formal Regulatory Remedies
On June 5, 2013, the Federal Reserve Board issued interim final rules that grant foreign banks’ uninsured US branches and agencies access to the same swaps push out rules exemptions, transition period, and grandfathering provisions applicable to insured depository...
by David Schwartz J.D. CPA | Dec 19, 2013 | All, Formal Regulatory Remedies, Procedural Changes
In their latest client memo, the Blank Rome law firm alerts directors and trustees of financial firms about their role in new swaps regulations. In particular, the firm puts public companies on notice that their boards must take action in order to take advantage of...
by David Schwartz J.D. CPA | Sep 19, 2013 | All, Formal Regulatory Remedies
On December 21, 2012, the CFTC issued a final exemptive order providing temporary relief from compliance with certain swap regulations and further proposed guidance relating to the application of certain swap-related provisions of the U.S. Commodity Exchange Act to...
