Top 10 “Market Integrity Insights” Posts from 2012: Dark Trading, Systemic Risk Council, LIBOR Scandal, and More
A list of the top 10 most-read blog posts from Market Integrity Insights in 2012:
Over the past decade, the trend toward larger volumes of equity-market transactions taking place away from public exchanges has led to concerns about investor access and competition with the traditional exchanges. In response, CFA Institute has published Dark Pools, Internalization, and Equity Market Quality.
Did Bank of America have a profit or loss in 2011? Finding the answer requires digging into the company’s financial reports. While the net income stares you down on the face of the income statement, the loss hides behind a curtain known as “comprehensive income.” But that is about to change.
CFA Institute and the Pew Charitable Trusts joined forces with former FDIC Chair Sheila Bair to launch the Systemic Risk Council (SRC). The SRC brings together experts in investments, financial markets regulation, policy making, and academia to offer seasoned opinions on the structuring of proper systemic risk oversight.
Amid series of recent high-profile corporate scandals, CFA Institute has released a “checklist” for visionary boards.
In the run-up to Facebook’s IPO, Matt Orsagh, CFA, examined some of the shareowner rights challenges Facebook investors would face.
Along the range of scandalous behaviors by the banking industry, is a recent episode — the LIBOR-rate-fixing scandal — one of the most vulgar examples of banks behaving badly, or merely trifling? Kurt Schacht, CFA, examines the issue.
JPMorgan’s US$2 billion derivatives trading loss underscores the need for a properly implemented Volcker Rule.
If you thought the Facebook IPO was an experience to forget, consider this warning: If you see a new stock offering coming from the U.S. JOBS Act, consider it carefully.
Part of the outrage over the LIBOR scandal stems from the meager actions taken by regulators in punishing the manipulators of these interest rates, along with the feeling among investors that the regulators were indifferent, even complicit. This begs the question, why has so little been done by regulators to date?
The Systemic Risk Council (SRC) has thrown down the gauntlet, calling on U.S. regulators to step up addressing the forces that caused the market collapse four years ago and continue to threaten the world financial marketplace.