Views on improving the integrity of global capital markets

Kurt Schacht, JD, CFA

64 Posts

Biography

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.

Author's Posts
Starving On the Vine – Our Protector of Investors Gets Short Changed

We need to invest more in the SEC so it can appropriately police the growing complexity of financial markets.

SNAP Snips ISS

Snap. Inc. IPO will issue all non-voting shares to investors to reduce or eliminate role of notorious proxy giant ISS.

Systemic Risk Council Taps Ex-BoE Deputy Governor Tucker to Chair Global Group

CFA Institute takes important step to further “globalize” the Systemic Risk Council with the appointment of Sir Paul Tucker.

Is the Asset Management Industry a Source of Systemic Risk?

CFA Institute takes a stance on this controversial issue.

Fiduciary Duty Debate: Salespeople Are Not Investment “Advisers”

It's time to remove ambiguity around “personal investment advice” while permitting different business and service models.

Private Equity in SEC Hot Seat: Poor Disclosure, Inappropriate Fees

Recent reports suggest that the private equity industry has been playing games with the fees they get from portfolio companies.

JPMorgan’s Energy Play Meets FERC-enstein: What It Says about Enforcement

JPMorgan’s FERC settlement renews debate over trust and ethics in finance and the ineffectiveness of regulatory “hand-slaps.”

Fearless Fiduciary: SAC Scandal and Bad Financial Actors: Like “The Hangover Part III,” Let’s Hope This Is the End

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?

Former Fed Chair Volcker Takes on Most Daunting Challenge Yet: Reshaping Financial Regulation

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.”

Volcker vs. Vickers (Part 2): Where Do Financial Reform Efforts Stand?

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.

Volcker vs. Vickers (Part 1) — Which Plan Is Best for Banks?

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?

SEC Nominee Mary Jo White: A New Direction for D.C.’s “Revolving Door”

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.

Fearless Fiduciary: 16 Shades of LIBOR

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.

Fearless Fiduciary: 7,000 CFA Charterholders: What’s in Store for 2013

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?



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