Fung Global Institute President Andrew Sheng says the central challenge for financial reform is reining in the sector, which has grown too big. Read more
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With unprecedented changes in the foreign institutional investor quota and related rules, as well as the hint of further new policy moves by the government, the China A-Shares market is starting to attract investor interest once again. Read more
Leave a CommentIn a recent poll conducted in the CFA Institute Financial NewsBrief, we asked readers, “Should fund managers be required to disclose their portfolio holdings on a quarterly basis?” Nearly 77% of the 737 global respondents think fund managers should be required to disclose their portfolio holdings on a quarterly basis, while about 23% of respondents don’t believe managers should have to reveal their positions every three months. Read more
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A recent study designed to decipher the “black box” of sell-side analyst decision making sheds new light on the driving forces behind two important outputs of their work: earnings estimates and stock recommendations. Read more
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Among the abnormalities of the Great Depression in the 1930s were the brutal violence of the economic cycle and the grim persistence of unemployment — which resonates with us today. This time around very different economic dimensions have emerged, including excessive public debt made worse by bank bailouts, income inequality, and intergenerational warfare. Read more
Leave a Comment“Asset management companies are in a terrible position at the moment,” Paul H. Smith, CFA, managing director, Asia Pacific at CFA Institute, said in a recent interview with Asia Asset Management. “They’re squeezed on the income side, and they’re squeezed on the cost side.” Read more
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As surprising as this may seem, there was more to the business news cycle over the past few days than all the to-ing and fro-ing over the fiscal cliff. Here are some of the articles I found interesting — and sometimes offbeat — in case you missed them. Read more
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Can applying insights from behavioral finance help investment managers (and clients) overcome decision fatigue and avoid self-inflicted wounds to their portfolios? The latest issue of CFA Institute Magazine looks at how managers are trying to cope with this challenge. Read more
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In this comprehensive historical analysis of several decades’ worth of decisions to bail out troubled banking firms, the author suggests that the 2008–09 interventions were ill conceived and inadequately justified. He argues that misguided government policies were largely responsible for the financial crises that necessitated such bailouts. Read more
Leave a CommentWhen the Basel III rules become operative in January, banks will have to meet a new leverage standard that will cap the leverage permitted under other Basel rules. In a poll conducted earlier this week, we asked readers at what level the Basel Committee on Banking supervision should set its minimum leverage ratio. Read more
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