I expect I am one of the only persons left who didn’t realize that MF Global is the successor to what once was the derivatives firm, Refco, which collapsed in 2006. Consequently, I wasn’t aware that this firm had endured … Read more
2 CommentsDecember 2011
Last week GovernanceMetrics International (GMI) published its 2011 CEO Pay Survey highlighting changes in compensation levels for CEOs of U.S. companies in 2010. In the days following the survey’s release it was hard to avoid headlines decrying high CEO pay … Read more
Leave a Comment
On 9 December, CFA Institute took part in a roundtable on financial institutions risk disclosure that attracted more than 70 participants and observers from constituencies considered pivotal in shaping observed financial reporting practices. They included accounting and audit standard setters, … Read more
Leave a Comment
CFA Institute members have weighed in, and the outlook for the coming year is far from optimistic. We’ve released the findings of the 2012 CFA Institute Global Market Sentiment Survey, an extension of the annual Financial Market Integrity survey that CFA … Read more
3 Comments
“Doing nothing is not an option.” Futures Industry Association (FIA) President John M. Damgard issued this message at the FIA Asia Derivatives Conference in Singapore in November. Against the backdrop of sweeping changes in the regulatory landscape for derivatives, an impressive … Read more
1 Comment So it seems that MF Global was doing its best Lehman Bros. imitation T+3 years after the Big Seize of ‘08. To be fair, Corzine and Co. were stealing from the acts of other miscreants over the past 20 years, which … Read more
6 Comments
I can think of two things right off the bat: get a haircut and a clue. I, like many others, got to watch another Congressional show-trial this week as Jon Corzine made a not-so-triumphant return to the Hill. This time, not … Read more
Leave a Comment