Views on improving the integrity of global capital markets
Weight a Minute!

We were pleased to have the chance to respond to a recent letter in Pensions & Investments suggesting that pension plan sponsors should calculate their plan-level performance using internal rates of… READ MORE ›

A Matter of Opinion?

Newsof Standard & Poor’s negative outlook on the U.S. government’s long-term debt met with the unsurprising response from Washington that the S&P analysis was flawed.

 

As we’ve pointed out before,… READ MORE ›

Derivatives and the Cost of Beer

Readers should check out the lead article in the Wall Street Journal today, “Risk Rule Riles Main Street,” by Victoria McGrane, to get a sense for just how convoluted and acrimonious the debate over derivatives regulation has… READ MORE ›

Regulatory Reform — a Johnson-Bachus Solution to Dodd-Frank

If there ever was an uphill battle, efforts to institute proper financial regulatory reforms are mired in it. There are so many distractions and barriers, not just here in the U.S. but globally, that proper… READ MORE ›

Exchange Merger Mania

The frenzy of merger-related activity in the exchanges business shows no sign of abating. Last week, it was the turn of first BATS Global Markets and then NASDAQ/IntercontinentalExchange (ICE) to enter the fray — BATS with the announcement that… READ MORE ›

All Regulation Is Local

The late former U.S. Speaker of the House Tip O’Neill coined the popular slogan “all politics is local” to emphasize that a politician’s success is tied to the ability to understand and address the issues most important to their… READ MORE ›

A New Global Financial Architecture: Stalled

In the current issue of Foreign Affairs, Ian Bremmer and Nouriel Roubini paint a pessimistic picture of potential global coordination of financial services regulation. As they put it, “… the process of creating a new international financial… READ MORE ›

The GIPS Standards — Truly a Global Standard

I was in Zurich last week at the Global Investment Performance Standards (GIPS®) Executive Committee meetings where I was able to participate in several days of interesting and fruitful discussions. As an active observer, it struck me how the… READ MORE ›

Is the Regulatory Pendulum Broken in the EU?

It was interesting to see the dueling articles in the 21 March edition of the Financial Times, in which DG Internal Market Commissioner Michel Barnier warned of complacency as regulatory reform stalls in… READ MORE ›

Investor Preferences Being Considered for Auditor’s Reporting Model

When the Public Company Accounting Oversight Board (PCAOB) Office of the Chief Auditor (OCA) presented an update on 22 March on outreach to investors and others about changes to the auditor’s reporting model, it cited… READ MORE ›

SEC’s Small Comment on Expert Networks Has Big Impact

At the recent Annual IA Compliance Best Practices Seminar, the SEC offered some of its strongest language yet in clarifying its view of expert networks.

While the bulk of the speech by Carlo di Florio, director of the… READ MORE ›

The Company Doth Protest Too Much, Methinks

The Financial Times brings news this week of the chilling practice of corporate retaliation against securities analysts who are negative on a company’s prospects. The FT story is similar to anecdotes we hear from CFA Institute members… READ MORE ›

Pension Plans — Assuming the Best in the Worst of Times

CFA Institute has spent considerable time developing a code of conduct for pension trustees. The Pension Trustee Code of Conduct (PDF) is not a how-to manual or another entry into the parade of best-practice guidelines for… READ MORE ›

Financial Crisis Fallout: How Much Longer?

In a recent global survey, CFA Institute members were asked to reflect on the following statement:
The current global credit crisis has severely impacted market trust and confidence. Approximately how long do you believe the impact of the… READ MORE ›

Materiality — Is There a Line?

Against the backdrop of the start of the insider trading case against hedge fund manager Raj Rajaratnam, Baruch College’s Robert Zicklin Center for Corporate Integrity at the City University of New York (CUNY) hosted a symposium on Tuesday, 8… READ MORE ›



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