Views on improving the integrity of global capital markets

Systemic Risk


Systemic Risk Council’s Advice for Central Banks, Banks, and Governments

The Systemic Risk Council, sponsored by CFA Institute, says the Covid-19 crisis does not need to lead to an economic meltdown. It calls on the authorities of the major economies to work together… READ MORE ›

EMIR: Regulating Systemically Important Central Counterparties

To improve the transparency and stability of the financial system in the aftermath of the global financial crisis, EMIR has imposed three new regulatory requirements.

US Treasury Report on Asset Management Affirms Position of CFA Institute

The asset management industry does not pose the same types of systemic risks to the economy as the banking industry does, and the US Treasury agrees.

Systemic Risk Council Leaders Warn Against Rolling Back Financial Reforms

With Brexit looming, parts of Dodd-Frank on the chopping block, and other stressors on the global community, now is not the time for complacency in financial reform.

Asset Management Industry: Systemically Risky or Business as Usual?

The Financial Stability Board believes there are structural vulnerabilities in asset management activities that need to be addressed even though the industry is different from other financial sectors.

MetLife Not a SIFI: What Does Decision Mean for the FSOC?

Can the FSOC meet its mandate to identify and respond to emerging financial stability threats, or has the recent court ruling and past criticism eroded its authority?

China’s Money Market Reforms Aim to Stem Risk, Allow Funds to Thrive in Fintech Era

The CSRC money market reforms balance innovation and risk, consider public feedback, and are the first refinements to a set of rulings drafted in 2004. Will they thrive?

Break up Big Banks or Tax Leverage: How Will Fed Officials Solve “Too Big to Fail”?

Minneapolis Fed President Neel Kashkari’s call to break up big banks has reopened a debate on whether the US has done enough to prevent another global financial crisis of the magnitude felt in 2008.

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.

Hacking Away at Cybercrime to Keep Investors, Funds Safe

CFA Institute is part of a global working group on asset manager cyber resilience. The estimated annual cost of cybercrime to the world economy is more than $445 billion (almost 1% of its income).

Republican Hurt: Congress Could Use Funding Clout to Derail Fiduciary Rule Plan

In a wide-ranging interview on financial policy issues, US Rep. Robert Hurt (R–VA) discusses Dodd-Frank and the Labor Department’s controversial fiduciary rule proposal to raise investment advice standards for retirement accounts.

Congress Eyes FSOC Reforms: Funding, SIFIs in Crosshairs

Transparency around SIFI designations and FSOC funding has inspired legislation.

Shadow Banking: Friend or Foe?

The focus on shadow banking has shifted from systemic risks to the role it can play in improving access to capital. But safeguards are needed.

Is the Asset Management Industry a Source of Systemic Risk?

CFA Institute takes a stance on this controversial issue.



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