Practical analysis for investment professionals

Standards, Ethics & Regulations (SER)


Book Review: The End of Accounting and the Path Forward for Investors and Managers

Drawing from a comprehensive empirical analysis, the authors demonstrate how financial reports have largely lost their relevance and present an actionable alternative for finance professionals.

The Financial Industry: A New Discipline of Ownership

The finance industry, long plagued by public distrust, has reached a tipping point, says Stephen Davis. The public’s anger, fueled by a belief that investors have been unjustly “separated from their money,” has helped to usher in a new “discipline of ownership.”

Book Review: Financial Crises, Liquidity, and the International Monetary System

In this reprint of a collection of lectures, the Nobel Prize–winning author expounds on regional and international regulation and monetary and fiscal policy, as well as a host of other economic topics. His insights predate but point toward the recent global financial crisis, and his guidance is timely and critical for a global economy still facing the fallout from the crisis.

MiFID II: What’s Wrong with It?

Regulators should be alert to any emerging systemic risks encouraged by the implementation of MiFID II. Its problems may surface more quickly than the benefits, asserts Colin McLean, FSIP.

Book Review: Risk

Risk: Your Global Guide is a slim but valuable guide to risk management and fraud detection. The book’s message is simple: Understand the basic principles of finance, reduce unintended risk, and obtain a level of reward commensurate with the level of risk that you assume. This high-level perspective allows the reader to see the big picture and understand how fraud at the highest levels of finance and government affects ordinary citizens.

Selecting Small- and Mid-Cap International Value Equities

Jonathan Moog, CFA, and the Lizard Investors team concentrate on the international small- to mid-cap space because they believe there are inefficiencies in that market.

Book Review: Environmental Finance and Investments

The authors analyze environmental commodity markets and how they can attract investments, focusing on the application of market-based instruments to incentivize the behavior and change needed to deliver environmental quality and mitigate environmental risk. This book can be read linearly, chapter by chapter, or it can be used by fund managers, regulatory investors, and green-finance experts as a reference to gain valuable insights into how to manage carbon markets.

Book Review: Phishing for Phools

The “invisible hand” of the free market can hurt as well as help participants. The authors, who are Nobel Prize–winning economists, argue that as long as there is profit to be made, sellers will exploit our psychological and behavioral weaknesses through manipulation and deception.

The Cost of Cheap: Slavery in the Supply Chain

It's conceivable slavery made it into your clothing or perhaps even the circuits that you are using to read this. It shouldn't be that way. The case against slavery is about more than just morality. It’s about money and a material risk to a broad cross section of widely owned businesses that is underappreciated, potentially disastrous, and (in time) easily mitigated.

Book Review: Better Bankers, Better Banks

Because they do not regard ethical failings in the financial industry as the actions of a few bad apples but, rather, as inevitable consequences of an unhealthy culture, the authors seek to restore the environment that existed before the major investment banks transformed themselves from partnerships into publicly traded corporations. The problems addressed in this book affect every participant in the financial system.



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