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 EU still lacks details needed to address libra, according to a memo from European Commission Executive Vice President Valdis Dombrovskis. "[A]s Libra is still a project, and thereby a moving target, the information provided remains insufficient for determining the precise nature of Libra and, by extension, its relation with existing EU law," the memo states. CoinDesk (UK) (19 Feb.)
Lawyers for WikiLeaks founder Julian Assange say they have evidence former US Rep. Dana Rohrabacher offered a pardon in return for cooperation on leaks of Democratic National Committee emails. The lawyers have requested a London court allow a witness statement that describes "Mr. Rohrabacher going to see Mr. Assange and saying on instructions of the president, offering pardon or some other way out if Mr. Assange played ball and said the Russians had nothing to do with" the leaks. BNN Bloomberg (Canada) (19 Feb.)
China has decreased the one-year loan prime rate by 10 basis points, to 4.05%, and the five-year rate by 5 basis points, to 4.75%, to reduce corporate borrowing costs. Meanwhile, manufacturers are struggling against logistical and planning challenges to restart operations after an extended Lunar New Year break. Reuters (20 Feb.)
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