Usman Hayat writes about sustainable, responsible, and impact investing and Islamic finance. He is the lead author of "Environmental, Social, and Governance Issues in Investing: A Guide for Investment Professionals", and the literature review, "Islamic Finance: Ethics, Concepts, Practice." He is interested in online learning and has directed three e-courses for CFA Institute: "ESG-100", "Islamic Finance Quiz", and "Residual Income Equity Valuation." The other topics he writes about are macro-economics and behavioral finance. Previously, he was a content director at CFA Institute. He has experience of working in securities regulation and as an independent consultant. His qualifications include the CFA Charter, the FRM designation, an MBA, and an MA in Development Economics. His personal interests are reading and hiking.
Subscribe to Enterprising Investor and receive email notifications when new content is posted.
Whether bank balance sheets are used to execute exotic trades or to reduce risk could determine whether capital rules benefit or cost buy-side firms. One fear is that increased costs would be passed on to buy-siders. Risk (subscription required) (18 Aug.)
Founders of Bitcoin Egypt have announced the opening of the country's first bitcoin exchange, scheduled for this month, with 300 users preregistered. Although the Egyptian government, like many others, has yet to introduce bitcoin regulation, and the cryptocurrency cannot be used as retail tender, the exchange will let users trade freely in the rapidly appreciating currency. Reuters (17 Aug.)
A group of bondholders in Spain's collapsed Banco Popular have lodged a challenge in EU courts against regulatory decisions that they say led to its unnecessary demise. Their lawyer is appealing for the decisions to be annulled, claiming that comments from the European Securities Board and EU officials were a breach of professional secrecy and led to a run on the bank that wiped out the value of their bonds. Reuters (17 Aug.)
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.