Views on improving the integrity of global capital markets

Jim Allen, CFA

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71 Posts

Biography

Jim Allen, CFA, is head of Americas capital markets policy at CFA Institute. The capital markets group develops and promotes capital markets positions, policies, and standards.

Author's Posts
Self-Serving and Conflicted — FSOC Annual As Forthcoming As Expected

Maybe it’s because I am just back from vacation, but reading the Financial Services Oversight Council’s first annual report certainly hasn’t helped my mood. In fact, the FSOC’s voluminous annual report — a mere… READ MORE ›

Duct Tape and Circuit Breakers

For those of us who were around back in 1987 (the year I received my CFA charter, I might add, boastfully), the circumstances of the “flash crash” of 6 May 2010 were in some ways a modern equivalent to… READ MORE ›

Japan: Change In A Time Of Crisis

They say that crisis often provides the inspiration for great change. If true, then Japan should be on the verge of a great renaissance as a consequence of enduring more than its share of crises in the past 6… READ MORE ›

Looking Beyond Listings

Rumor has it that animosity at the top is behind NYSE Euronext Inc.’s rejection of Nasdaq OMX Group’s enhanced takeover bid, though a potential antitrust review would provide a more understandable pretext for refusal. If and when things ever… READ MORE ›

The Rush for Transparency Exemptions in Derivatives

First it was small and commercial issuers looking for an exemption to the new rules for over-the-counter derivatives. Fair enough, they weren’t responsible for the systemic meltdown, and making them trade truly bespoke instruments on… READ MORE ›

Inviting Trouble

The U.S. Securities and Exchange Commission recently issued a draft of its proposed executive compensation rules. Like their regulatory brethren in the banking sector, the Commission was commanded by Sec. 956 of Dodd-Frank… READ MORE ›

Investor Liberation

One of the least-controversial parts of Dodd-Frank was its call for a new Office of Credit Ratings at the SEC. Among other things, this new office would implement D-F’s provisions for oversight of credit rating… READ MORE ›

The End to Misleading 105s

One of the most worrisome items to emerge from the 2008 financial market wreckage was the realization that Lehman Brothers had deliberately used accounting gimmicks to hide tens of billions of dollars of leverage from… READ MORE ›

FCIC Blames Human Action and Inaction

The Financial Crisis Inquiry Commission released its 600-page-plus assessment of what caused the 2008 market debacle to little fanfare Thursday morning. The findings in the politically divided report range from the obvious to… READ MORE ›

Historical Blind Spots

It was during the implosion of Enron and hundreds of dot-com and telecom bubble companies a decade ago that accountancy became the “in” profession on the dinner-party circuit. Formerly staid CPAs regaled guests, young and old alike, with their… READ MORE ›

SEC and RIAs: A Love-Hate Relationship

We survey members a lot at CFA Institute because the responses are generally well considered and focused on the ethical high road. We expected nothing different last month when we asked U.S. members in asset… READ MORE ›



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