Market Structure
"Lets Talk EU" added three new episodes, focusing on the Pan-European Personal Pension Product (PEPP) regulation that took effect in January. These podcasts examine what the EU could learn from the German stakeholder capitalism model as well as the key challenge that the European Commission needs to solve: supervisory convergence.
“Money in COVID Times” is an analysis of how the role of central banks in the market and the economy has changed since 2008. From this perspective, the COVID-19 situation has only exacerbated the transformation of central banks into entities that act as lender and market maker of last resort, every time markets experience a level of stress that could reverberate across money markets, including credit and financial assets used as collateral. Together, the various stratums of money markets have replaced traditional banks as a supply chain for capital markets activity.
New episodes from podcast series A Guide to EU Financial Politics and Policy Development.
Assets under management with credit funds grew in India as long as their inflows exceeded outflows. It was only when the trend reversed that those funds had to face up to the task of selling in an illiquid market.
The narrative that management and auditor assessment of internal controls of financial reporting is too expensive is a very common, but undemonstrated, narrative regarding virtually every accounting, disclosure, and audit reform. Investors view the benefits of ICFR audits as exceeding the costs.
Now is the time to review the structure of the financial supervision in the EU. Empowering the ESAs with greater direct supervisory powers and resources and turning these authorities into more independent bodies are essential steps to achieve a genuine CMU, with a truly European single supervision.
Despite unprecedented
economic disruption, the US IPO market hit a record $170 billion in 2020, driven in large part by the unexpected surge in the use
of special purpose acquisition companies
(SPACs) to take private companies public. SPACs,
commonly referred to as blank-check… READ MORE ›
Register now for CFA Institute Global Financial Regulatory Symposium.
Partha Dasgupta from Cambridge has written a paper the world should read. His simple point? We exist within nature. It has potential to trigger disruptions in financial reporting and other spheres.
Rules to open up competition in Indian stock exchanges may not bring new entrants, but they may nudge the market leader to shape up.
CFA Institute surveyed European members on product governance practices over time and the specific effects major regulatory developments like MiFID II and PRIIPs have had in this respect.
When the Federal Reserve, backed by the US Treasury, is injecting capital into the financial system, blessing banks to take on more leverage and relaxing capital buffers, it is not the time for banks to be ejecting capital in the form of buybacks, dividends, and executive bonuses.
The financial world doesn't seem to have a replacement for LIBOR ready.
Since the formation of a new government led by Prime Minister Boris Johnson in Westminster, the likelihood of a no-deal exit of the United Kingdom from the EU on 31 October seems to have risen exponentially.
European Long-Term Investment Funds (ELTIFs) are EU Alternative Investment Funds (AIFs) managed by alternative investment fund managers (AIFMs). ELTIFs complement traditional sources of capital while enabling the financing of the real economy, which, in turn, contribute to the EU’s sustainable and inclusive growth.