Is it just me, or have credit rating agencies (CRAs) lapsed right back into their old habits? Once upon a time — 4,000 Dow points ago — we at CFA Institute and various governments around the globe lambasted the ratings … Read more
Leave a CommentDecember 2010
News of New York State Attorney General Andrew Cuomo’s decision to file a civil lawsuit against Ernst and Young LLP for its role as auditor to Lehman Brothers is just the latest crack to develop in the foundation of global capital … Read more
Leave a CommentIn a recent opinion piece in Financial News, Andrew Smithers criticizes the U.S. Federal Reserve and says that private sector debt is a long-term problem that poses a serious threat to the world economy. Smithers, chairman of Smithers & Co … Read more
Leave a CommentIt was during the implosion of Enron and hundreds of dot-com and telecom bubble companies a decade ago that accountancy became the “in” profession on the dinner-party circuit. Formerly staid CPAs regaled guests, young and old alike, with their explanations … Read more
Leave a CommentWhen the near-collapse of the global financial system in 2008 led to widespread calls for regulatory reform, much of the outcry was over derivatives—a major culprit in the worst financial crisis since the Great Depression. In response, the Dodd–Frank Wall … Read more
Leave a CommentAt the start of his career, Felix Zulauf decided that he was going to be the first Europe-based opinion leader able to understand the movements of the market to forsee major shifts. He is now one of Europe’s most renowned … Read more
Leave a CommentThe initial hysteria over the “vast” insider-trading scandal has waned somewhat in recent days. Early indications pointed to an assault on the so-called “mosaic theory” and other types of primary research tools. A particular target was the so-called “expert networks” … Read more
Leave a CommentA rumor is circulating that the longstanding practice of searching for and gathering individual pieces of nonpublic data to create a fuller research picture of a particular investment opportunity is somehow, well, inappropriate or far worse — illegal insider trading. … Read more
Leave a CommentDavid Blanchflower, Bruce V. Rauner Professor at Dartmouth College and visiting professor at University of Stirling, will speak on the outlook for employment, inflation, output, and other key measures in his session at 09:00 on Monday, 9 May 2011. Professor … Read more
Leave a CommentStan Beckers, managing director of BlackRock Solutions, EMEA, will draw on his extensive equity management experience for his presentation, “The Evolution of Risk Management.” Mr. Beckers will discuss the roles that absolute and relative risk should play in portfolio management … Read more
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