Partner
Norton Rose Fulbright US LLP
Steven Lofchie is a Partner based in New York. He advises financial institutions and corporate clients on the securities laws and the Commodity Exchange Act, with particular focus on the regulation of broker-dealers, swap dealers, investment funds and other market intermediaries. Steven's transactional practice focuses on securities credit and derivative transactions.
Recent Articles & Comments
Compare and contrast Commissioner Peirce's skeptical statement on ESG disclosure with Commissioner Stein's (see also Cabinet commentary ). There are tremendous benefits to this open dialogue and the fact that the two Commissioners have clearly articulated opposing views.
This answers the question of why nobody starts a new bank. And why the price of NYC taxi medallions has crashed. It's the Uberization of financial services.
How do, and should, regulators respond? More specifically from a regulatory standpoint, should the banking regulators consider whether regulations have made starting or maintaining a bank so unattractive from a business standpoint that the exodus from the banking industry becomes a material systemic…
This answers the question of why nobody starts a new bank. And why the price of NYC taxi medallions has crashed. It's the Uberization of financial services.
How do, and should, regulators respond? More specifically from a regulatory standpoint, should the banking regulators consider whether regulations have made starting or maintaining a bank so unattractive from a business standpoint that the exodus from the banking industry becomes a material systemic risk? It's not an easy…
, the government now acknowledges that they serve a valuable function. Query whether Main St. banks are the best entities to serve that function and whether regulation can protect borrowers while allowing payday lending to function (or whether regulation kills payday lending to the detriment of borrowers).