Views on improving the integrity of global capital markets

Investment Topics


Poll Results from the 24th Annual GIPS® Standards Virtual Conference

We asked firms if they comply with the 2010 edition, the 2020 edition, or neither. The majority of firms (74%) still claim compliance with the 2010 new edition. Only 9% have adopted the 2020 edition.

Ten Takeaways from the GIPS® Standards Conference

Key takeaways from the conference that may assist you as your firm transitions to the 2020 edition of the GIPS standards.

SEC Proxy Rule Amendments: Are They Constitutional?

CFA Institute says new US SEC rules pose serious risks to timely, high-quality, and independent financial advice and analysis.

The Power of Nudges in Financial Advice

Beware the nudge: Many people do not realize this, but we often are swayed in our decision-making processes by our emotions, the methods by which products or services are marketed to us, and the context of our current situation or surroundings. Nudges strategically and effectively make use of biases and mental shortcuts to influence behaviour and decisions while preserving freedom of choice.

India’s Broking Scandal and Its Aftermath Has Implications for Market Integrity and Efficiency

A brokerage scandal in India led to an immediate reform which did not go through a consultation process. The resulting rules have had a significant unintended impact on client experience, which has varied across brokerages.

Short-Termism Revisited

CFA Institute takes a new look at short-termism in the report Short-Termism Revisited: Improvements Made and Challenges in Investing for the Long-Term. The numbers don’t lie.

The complaint that financial markets are too… READ MORE ›

CFA Institute Weighs in on Including Climate Change Analysis in the Investment Process

The CFA Institute report, Climate Change Analysis in the Investment Process, focuses on the physical and transition risks climate change is projected to create; explains to investors carbon markets; and reviews the resources available for investors looking for the best climate change integration tools.

Should the Financial System Be Worried — Again — About Investment Fund Leverage? A review of ESMA’s Recent Consultation on Article 25 of AIFMD

CFA Institute say the total size of assets under management is not a sufficiently clear-cut measure to declare that an asset management firm could be systemic just as a bank would be by looking at its balance sheet assets.

Like capitalism, but worse.

The question Benjamin Braun poses himself is this: How does index fund dominance change the political economy of corporate governance? Our question: Is it time to address this more deeply?

Capital Markets Union and Banking Union: Two Mutually Inclusive Projects

The level of integration of EU capital markets is still insufficient to boost growth and investments across Europe, according to Marco Lamandini

Stock Exchanges Need to Find Their Mojo

After years of debate, both the Singapore Exchange and the Stock Exchange of Hong Kong have amended their rules to allow the listing of companies with dual-class share (DCS) structures.

Capital Markets Union: What is Missing to Solve the Puzzle?

In September 2015 the European Commission launched the Capital Markets Union (CMU) Action Plan with the aim of creating alternative sources of financing, that is, sources other than banking. Almost three years later this project is still incomplete,… READ MORE ›

Sustainable Finance in the EU: How Will It Revolutionise the Financial Sector?

The EC’s Action Plan was one of the main discussion topics of the high-level conference, “The Future of Capital Markets in the EU: Towards Deeper Integration?,” organised by CFA Institute at the European Parliament in Brussels on 6 June 2018.

SEC Proposes to Restrict Broker/Dealer Use of “Adviser” Title

If the SEC adopts a rule as proposed, broker/dealers will no longer be able to use the term “adviser” or “advisor” in their names or titles when marketing themselves to investors.

SEC’s Best Interest vs. DOJ’s Fiduciary Rule

The SEC's attempts to finally address the issue of broker advice were a decidedly mixed bag.



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