Views on the integrity of global capital markets
Anyone who pays attention to corporate proxy season each year — and maybe even reads a proxy statement or two — knows the role advisory firms play in influencing the final vote in many corporate proxies. These proxy advisory firms … Read more
Leave a Comment
CFA Institute has released a study on the need to improve the quality of financial instrument risk disclosures among financial and non-financial institutions. The study comes at a time when investor vulnerability to the risks of on- and off-balance-sheet items … Read more
2 Comments
CFA Institute sees a long road ahead in terms of restoring investor confidence. Poll after poll reflects poorly on the financial industry. It is a function of not only the deep-cutting financial crisis still unfolding but a constant barrage of … Read more
8 CommentsIn its Fifth Annual Main Street Investor Survey of just over 1,000 individuals in households with $10,000 or more in investments, the Center for Audit Quality (CAQ) reported that investors showed a surprising optimism. Although down from the previous year’s … Read more
Leave a Comment
For people working in financial markets, the year 2011 could qualify as “the year of formidable public deficits on both side of the Atlantic”. Or “the year of the Eurozone crisis”. Or, on a related note, the “year of Greece” — … Read more
Leave a Comment
The proximate causes of the global financial crisis are being addressed variously through new arrangements for macro-prudential supervision, which will result in tighter liquidity and capital rules for financial institutions. However, some other challenges that have long proved intractable still … Read more
2 CommentsThe prison sentences handed down to Galleon founder Raj Rajaratnam — which, at 11 years, is the longest-ever sentence in an insider-trading case — and Incremental Capital and Galleon trader Zvi Gofer (10 years), should send a clear message to … Read more
Leave a Comment
What’s going on with the spontaneous move to occupy major financial centers? Is this the last gasp of disgust over the global financial crisis of 2008-09, or is it the first shot in a whole new war against finance? There’s … Read more
11 Comments