reform
Virginie Maisonneuve, CFA, sees an explosive combination of forces at work on the investment industry, and has ideas for addressing them.
Speaking at the European Investment Conference, Paul Mills of the International Monetary Fund said accommodative monetary policy has led to rising asset prices and tighter spreads across fixed income securities.
Lord Adair Turner discusses how recovering from the 2008 financial crisis has continued to challenge global economies.
In the closing keynote address, Mersch sought to explain how recent policy initiatives have addressed problems brought about by the original design flaws of European monetary union (EMU).
The president and CEO of CFA Institute opened the Fifth Annual European Investment Conference by calling on investment professionals to think about a sustainable way forward and how to rebuild trust in the industry.
The $2.7 trillion U.S. money market fund industry, which greases the wheels of industry while offering institutional and individual investors a vehicle for cash management and savings, is being targeted for regulatory reforms designed to make it more transparent and less risky. But critics argue that adoption of the proposed changes may trigger unintended consequences with far-reaching effects.
The former IMF Chief Economist sees everywhere an unjustified deference towards the big banks and an aversion to doing anything that would be contrary to their interests.