Michael McMillan, CFA, is director of ethics education at CFA Institute, where he is responsible for creating, sourcing, and developing educational content for CFA Institute members and investment professionals in the area of ethics and professional standards. Previously, he was a professor of accounting and finance at Johns Hopkins University’s Carey School of Business and George Washington University’s School of Business. Prior to his career in academia, McMillan was a securities analyst and portfolio manager at Bailard, Biehl, and Kaiser and at Merus Capital Management. He is a certified public accountant (CPA) and a chartered investment counselor (CIC). McMillan holds a BA from the University of Pennsylvania, an MBA from Stanford University, and a PhD in accounting and finance from George Washington University. Topical Expertise:Financial Statement Analysis · Standards, Ethics, and Regulations (SER)
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The European Commission has let pass a deadline to extend an equivalence regime for Swiss exchanges that ends July 1, a source says. Switzerland's failure to endorse a partnership treaty with the EU reportedly is the reason. Reuters (21 Jun.)
Vanguard is holding exploratory talks with private equity firms about offering clients access to private equity funds, sources say. The move would mark a major change for the company, which is known for low-cost funds that invest in publicly traded equity and debt. CNBC (23 Jun.)
The Financial Action Task Force is setting tougher standards for countries to oversee cryptocurrency exchanges to stem illegal activity. The industry welcomes the standards, says Global Digital Finance, a trade group representing cryptocurrency firms. Reuters (21 Jun.)
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