Rarely do we hear unvarnished talk from Washington’s insular political scene, much less from those responsible for regulating the financial industry. Indeed, demure dialogue is more often the rule as regulators navigate a web of stakeholders and interests, all while … Read more
Leave a CommentMay 2011
While the Dodd-Frank industry overhaul seemed on track to reshape financial rules by this summer, those efforts have largely stalled. Yet another shot across the bow this week bodes poorly for progress on key issues. We’ve known for some time … Read more
Leave a CommentHBO recently broadcast “Too Big to Fail,” the film adaptation of New York Times writer Andrew Ross Sorkin’s book of the same name. It’s a gripping recount of the 2008 meltdown — from the collapse of Bear Stearns and the … Read more
Leave a CommentCFA Institute sponsored a symposium in March produced by the Harvard Law School Program on International Financial Systems which convened senior bankers, investors, regulators, and academics to discuss regulation of derivatives, cross-border resolution of bank failures, regulation of non-bank financial institutions, … Read more
Leave a CommentTraveling back to the U.S. from the recent CFA Institute Annual Conference in Edinburgh, Scotland, I had time to reflect on a portion of the program dedicated to ethical issues in financial reporting, part of our Challenging Industry Norms series debating … Read more
Leave a CommentInvestment professionals spend years building their reputations with their clients and peers. Their hard work and diligence in conducting investment analysis may include periodic discussions with experts arranged through the myriad of placement networks. But with the recent insider-trading convictions … Read more
Leave a CommentI’m a bad gambler. Soon after a mandatory vote on “say on pay” became the law of the land last year, I made a friendly wager with a colleague in the corporate governance world about how many U.S. companies would … Read more
Leave a CommentThe global economy is on a tenuous path to recovery “but there is still a huge challenge ahead,” says the former adviser to both the U.K. prime minister and HM Treasury. Read more
Leave a CommentThe S&P 500 could drop by as much as 20%, the euro will fail, and the United States is in permanent decline, he argued. Read more
Leave a CommentAudience polling conducted at last week’s 64th CFA Institute Annual Conference casts a spotlight on the investment risks that are top of mind for global investment professionals. Read more
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