They say that crisis often provides the inspiration for great change. If true, then Japan should be on the verge of a great renaissance as a consequence of enduring more than its share of crises in the past 6 weeks … Read more
Leave a CommentApril 2011
CFA Institute along with its advisory committee, the Corporate Disclosure Policy Council (CDPC), recently held its annual meeting with the International Accounting Standards Board (IASB). The meeting was an opportunity for CFA Institute staff and members of the CDPC to … Read more
Leave a CommentRumor has it that animosity at the top is behind NYSE Euronext Inc.’s rejection of Nasdaq OMX Group’s enhanced takeover bid, though a potential antitrust review would provide a more understandable pretext for refusal. If and when things ever get … Read more
Leave a CommentJoanne Lipman’s recent Newsweek column “Are Ethics for Suckers?” strongly implies that Wall Street can’t help but lie, cheat, and steal. The “culture of success” in an arena where “alpha men and women” are “playing for super high stakes” precludes … Read more
3 CommentsWe were pleased to have the chance to respond to a recent letter in Pensions & Investments suggesting that pension plan sponsors should calculate their plan-level performance using internal rates of return. The thinking was that, whereas individual money managers’ … Read more
3 CommentsNewsof Standard & Poor’s negative outlook on the U.S. government’s long-term debt met with the unsurprising response from Washington that the S&P analysis was flawed.
Leave a CommentReaders should check out the lead article in the Wall Street Journal today, “Risk Rule Riles Main Street,” by Victoria McGrane, to get a sense for just how convoluted and acrimonious the debate over derivatives regulation has gotten.
Leave a CommentIf there ever was an uphill battle, efforts to institute proper financial regulatory reforms are mired in it. There are so many distractions and barriers, not just here in the U.S. but globally, that proper attention to shoring up weak … Read more
Leave a CommentThe frenzy of merger-related activity in the exchanges business shows no sign of abating. Last week, it was the turn of first BATS Global Markets and then NASDAQ/IntercontinentalExchange (ICE) to enter the fray — BATS with the announcement that it … Read more
Leave a CommentThe late former U.S. Speaker of the House Tip O’Neill coined the popular slogan “all politics is local” to emphasize that a politician’s success is tied to the ability to understand and address the issues most important to their constituents. … Read more
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