Systemic Risk
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.
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.
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.
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.
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?
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?
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.
CFA Institute takes important step to further “globalize” the Systemic Risk Council with the appointment of Sir Paul Tucker.
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).
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.
Transparency around SIFI designations and FSOC funding has inspired legislation.
Umbrellas, stores, pedestrians, and rain used to show state of the HFT debate.
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.
CFA Institute takes a stance on this controversial issue.
Findings in a recently published academic research paper align with our member survey results, and support IASB and FASB proposals to update their lease accounting standards.