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.
Beginning back in the 1980s, Dana Carvey played a character named Enid Strict, otherwise known as “The Church Lady,” on the comedy show “Saturday Night Live.” Enid is best remembered for her signature line, “Isn’t that special?” It is… READ MORE ›
We are in the midst of one of the most acrimonious debates over accounting rules in decades. What is at stake is whether banks will have to value their loan portfolios and report the results… READ MORE ›
Did you catch the reports on U.S. SEC settlements with former Countrywide chief Angelo Mozilo? It was the single biggest regulatory recovery from an individual ever, according to reports. A close examination of these reports reveals two things…. READ MORE ›
Federal Reserve Vice Chairman for Supervision Randal Quarles and former Vice Chairman Donald Kohn have praised the UK's use of a countercyclical capital buffer set at 1% of a bank's risk-weighted assets to protect against downturns. "I see real merit in application of the UK approach in the United States, although the specific percentage would, of course, be open to analysis," Quarles says. MLex (subscription required) (13 Sep.)
Federal Reserve officials appear divided in opinion. Several regional presidents have expressed satisfaction with the US economy based on domestic performance, but officials such as Vice Chairman Richard Clarida and Federal Reserve Bank of New York President John Williams have cited long-term global factors for concern about a recession. BNN Bloomberg (Canada) (15 Sep.)
Officials of the Federal Reserve and 25 other central banks are meeting with representatives of Facebook's libra Monday in Basel, Switzerland, to discuss the digital currency. Financial Times (subscription required) (14 Sep.)
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