Donald MacKenzie gives a sociologist’s perspective on the capital markets and discusses how cultural differences within firms can create valuation discrepancies. Professor MacKenzie also discusses the role of sociology in risk management.
This episode of the Take 15 Series was originally released on 28 July 2011.
Are you viewing this post on a mobile device? Download the Reuters Insider app and watch this video on the CFA Institute channel.
Robert Gowen, CFA, is Head of Product Solutions at CFA Institute, where he oversees a team of content directors that contribute daily to Enterprising Investor. Prior to joining CFA Institute, he worked in the institutional investment industry for BB&T and Fidelity Investments. Gowen earned a BA in economics from Washington University in St. Louis and an MBA from the Darden School at the University of Virginia.
Subscribe to Enterprising Investor and receive email notifications when new content is posted.
All 34 banks that underwent the Federal Reserve's annual stress test cleared the first round. "This year's results show that, even during a severe recession, our large banks would remain well-capitalized," Fed Governor Jerome Powell said. Bloomberg (22 Jun.)
The Alternative Reference Rates Committee, which is made up of major international banks, chose a Treasurys-backed repurchase agreement rate as an alternative to the London Interbank Offered Rate. "I am confident the new reference rate chosen today by the Alternative Reference Rates Committee is based on a deep and actively traded market and will be highly robust," said Jerome Powell of the Federal Reserve. Reuters (22 Jun.)
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.