Kurt Schacht, JD, CFA, is managing director of the Standards and Financial Market Integrity division at CFA Institute, where he oversees all advocacy efforts and the development, maintenance, and promotion of the highest ethical standards of practice for the global investment management industry.
CFA Institute takes important step to further “globalize” the Systemic Risk Council with the appointment of Sir Paul Tucker.
It's time to remove ambiguity around “personal investment advice” while permitting different business and service models.
Recent reports suggest that the private equity industry has been playing games with the fees they get from portfolio companies.
JPMorgan’s FERC settlement renews debate over trust and ethics in finance and the ineffectiveness of regulatory “hand-slaps.”
Does the SAC scandal represent a Wall Street tipping point in which there are serious business consequences to bad behavior and investors are no longer willing to let things slide?
Recognizing that the old way of regulating the financial industry is no longer working, the revered financial titan is charting a new course with the “Volcker Alliance.”
In the second part of a month-long series exploring key systemic risk issues from the perspective of Paul Volcker and Sir John Vickers, we take a closer look at their views on progress in fixing regulatory gaps.
Between British economist Sir John Vickers and former Federal Reserve Chair Paul Volcker, few people are more synonymous with the current debate over structural reforms of banks and reining in systemic risk. How do their approaches to reform differ?
Mary Jo White's potential conflicts in serving as our next SEC chairman are now dominating the nomination discussion, focusing specifically on the revolving door between public service and private practice.
The drama now playing out in the LIBOR-fixing scandal appears to catching stride. I ran across an excellent New York Times DealBook post recapping the state of play and what large banks, I think sixteen in total, are likely to encounter in the weeks and months ahead as the grip of regulatory reckoning fully takes hold.
With the Dow flirting with 14,000, some say the big gains for 2013 may already be in unless Main Street investors are set to join the party. Which brings us to the all-consuming question: What can investors expect in 2013?
It is common knowledge that many opinion polls rate the financial services industry very low on the scale of trust and integrity. Theories abound on why that is.