Aug 27, 2019 | Capital Markets, Op-Ed
By Hal S. Scott Originally published by the Financial Times on August 27, 2019 Despite all the attention that is paid to the ups and downs of the big stock indices, private markets are where much of the action is. Last year, companies in the US received twice as much...
Aug 26, 2019 | Capital Markets, Letter
On August 26, 2019, the Committee submitted a comment letter to the International Organization of Securities Commissions (“IOSCO”) and to the Financial Stability Board (“FSB”) responding to IOSCO’s report on leverage (“IOSCO Leverage Report”), which sets forth “a...
Jul 25, 2019 | Capital Markets, Letter
On July 25, the Committee submitted a comment letter to the Securities and Exchange Commission (the “SEC”) regarding the proposed rule change filing by the Financial Industry Regulatory Authority, Inc. (“FINRA”). FINRA’s proposal would establish a new issue reference...
Jul 23, 2019 | Banking, Report
The U.S. Treasury Department’s report, A Financial System that Creates Economic Opportunities: Banks and Credit Unions, set forth reforms for the banking sector that would help ensure the stability of the financial system and spur economic growth.1 The Committee on...
Jul 17, 2019 | Capital Markets, Letter
On July 17, 2019, the Committee submitted a comment letter to the Securities and Exchange Commission (the “SEC”) regarding a proposed rule change filing by Cboe EDGA Exchange, Inc. (“EDGA” or the “Exchange”) with the SEC. The Exchange’s proposal would implement an...
