Views on the integrity of global capital markets
The 21 May JPMorgan annual meeting is fast approaching, and it will feature a contentious shareowner proposal that calls for the separation of chairman of the board and CEO roles. In this post we will take a look at the corporate governance issue that is dominating the headlines. Should a public company separate the role of chairman and CEO? Read more
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In recent times, there has been increased scrutiny of the role of financial advisers. In Singapore, this has taken the form of the Financial Advisory Industry Review recommendations. In Australia, such matters are under the purview of the Future of Financial Advice reforms while in India it falls to the Investment Advisors Regulation. Read more
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From the state of corporate governance in Asia and integrated reporting globally to the United Kingdom’s launch of two new regulators in place of the Financial Services Authority (FSA), it’s time to span the corporate governance globe to review important developments from the month of April. Read more
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The draft law recently backed by members of the European Parliament to cap bonuses for UCITS fund managers in Europe sets up another tussle between those who favour free markets and those who believe that greater regulation is required to protect investors. Read more
2 Comments Two articles on the US$6 billion London Whale trading loss saga show how the obfuscation of facts and alleged untruths played leading roles in the debacle. Read more
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Cyprus is ponderously pondering how to fill a gaping financial hole, including whether and how much to appropriate from its depositors, domestic or otherwise. Ohio, having solved its budget crisis, is considering a regular tax on savers and investors to broaden its tax base and prevent a recurrence of the $8.8 billion budget deficit it had eliminated over the past two years. Read more
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When GM’s CEO, Daniel Akerson, arrived to brief Congressional leaders today, he did so in a 2014 C7 Corvette Stingray to emphasize the return of the financial benefits firm, nee automaker. The thing is, the discussion — designed to soothe concerns about the government’s $49.5 billion bailout of the company — raises its own concerns. Read more
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With the corporate earnings season heading into the home stretch, it’s an ideal opportunity to examine whether users of financial statements — investors and securities regulators — have learnt lessons from the recent misreporting by corporations and are now effectively judging the earnings quality of reporting companies. Read more
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Hong Kong’s financial services industry is one of the pillars of the city’s economy, and the industry’s continued competitiveness and sustainability matter greatly not only to Hong Kong’s reputation as a global financial center but, more importantly, to the livelihoods of its 8 million residents. Read more
Leave a Comment The EU economy is in need of measures to relaunch economic growth and encourage more long-term sustainable investment, and these measures are expected to focus on supporting the SME sector as well as providing finance for innovation-led sustainable projects and activities. Read more
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