Views on the integrity of global capital markets
Jim Allen, CFA, head of capital markets policy at CFA Institute, recently caught up with the report’s author, York University finance professor Douglas Cumming, J.D., Ph.D., CFA, to discuss whether companies listed on venture exchanges have greater reporting problems, instances of fraud, and other issues when compared with companies listed on more established securities exchanges. Read more
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Reed-Grassley bill would provide much-needed transparency to public company auditing process. Read more
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Early reactions range from support for a well-reasoned approach that preserves many current uses of money market funds to views that the proposal doesn’t go far enough to address potential systemic risk. Read more
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Does the SAC scandal represent a Wall Street tipping point in which there are serious business consequences to bad behavior and investors are no longer willing to let things slide? Read more
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At the 66th CFA Institute Annual Conference held in Singapore in May, Tony Tan, CFA, head of the Standards and Financial Market Integrity division for CFA Institute in the Asia-Pacific region, interviewed Nalaka Godahewa, chairman of the SEC of Sri Lanka, on the development of the country’s capital markets. Read more
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The financial industry today faces a crisis of confidence that threatens its future. Without trust, markets don’t function properly and growth prospects are limited. So what can the financial industry do to change its trajectory? A panel at the 66th CFA Institute Annual Conference in Singapore, moderated by CFA Institute CEO John Rogers, CFA, provided some answers. Read more
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Recognizing that the old way of regulating the financial industry is no longer working, the revered financial titan is charting a new course with the “Volcker Alliance.” Read more
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In the second part of a month-long series exploring key systemic risk issues from the perspective of Paul Volcker and Sir John Vickers, we take a closer look at their views on progress in fixing regulatory gaps.
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After months of delay, U.S. derivatives reform finally moved from back-burner status last week, when the Commodity Futures Trading Commission (CFTC) approved regulations aimed at forcing derivatives trading — and depending on the source, either a major culprit of or contributor to the financial crisis — out of the shadows. This means that many types of previously unregulated derivatives will now have to trade on open platforms. Read more
Leave a CommentJalil Tarif, secretary general at the Union for Arab Securities Authority, explains the challenges and opportunities facing securities regulators in Arab countries. Read more
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