As part of the decade-long convergence debate, the.SEC recently offered a hybrid approach as a possible method of incorporating IFRS into the U.S. financial reporting regime. This approach, colloquially referred to as “condorsement” (as it comprises elements of both the … Read more
Leave a CommentAugust 2011
In recent weeks, Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) published their regulatory approach to dark liquidity (a.k.a. non-displayed orders) in Canadian equity markets. The announcement came off the back of an earlier consultation … Read more
Leave a CommentDark pools have been back in the news in Asia recently. An article by Asian Investor (subscription required) on 17 August noted there is an increasing trading volume of small-cap stocks in Australia, Hong Kong, and Japan in alternative trading systems … Read more
Leave a CommentA recent paper by Stefano Pagliari, presented at a Temple University workshop in May, uses an analysis of IOSCO’s changing role through the financial crisis as the basis for considering how international financial regulators are evolving in the capital markets … Read more
Leave a CommentBNP Paribas has reclassified almost all its peripheral Euro-zone sovereign exposures, taking advantage of an accounting provision brought in after the sub-prime crisis that allows banks to move assets into their loans and receivables portfolio if they are deemed to … Read more
Leave a CommentMaybe it’s because I am just back from vacation, but reading the Financial Services Oversight Council’s first annual report certainly hasn’t helped my mood. In fact, the FSOC’s voluminous annual report — a mere 192 pages — provides ample justification for … Read more
Leave a CommentAs it became clear last week that the U.S. fiscal crisis was reaching a boiling point in Washington, we issued a brief survey to the CFA Institute global membership. We wanted to find out more about how our members viewed … Read more
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