Capital Market Regulation
Some aspects of MiFID II are proving difficult to implement including the double-volume cap, futures clearing, and Systematic Internaliser tick sizes.
The UK’s Financial Conduct Authority has released a report that aims to determine if high-frequency traders are anticipating order flow across markets. It finds …
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?
How can we prevent the Barclays and Credit Suisses of the world from committing dark-pool fraud? The SEC has a proposal.
Chinese regulators are now seeking comments on how P2P platforms should operate and grappling with findings of a private equity practices report — there are problems.
IOSCO is keeping a regulatory eye on crowdfunding to ensure investor protection. The alternative finance is a major emerging market projected to hit US$300 billion in coming years.
The broad conclusion of Australian report is that current levels of high frequency and dark trading do not constitute a concern and, as a result, regulators don’t foresee the need for further regulation.
Capital market reform in China will take a while, but things are surely improving.
CFA Institute takes a stance on this controversial issue.
The issue of how equity commissions are used to buy investment research takes center stage in the European Union.
Do asset managers pose a systemic risk? Can we expect bipartisan efforts on financial policy issues? Jim Allen, CFA, offers his analysis.
As the SEC proposes a “trade-at” rule in its planned “tick-size” pilot, a CFA Institute study examines similar price improvement rules in Canada and Australia.
Eric Boess, CFA, director and global head of derivatives at RCM Allianz Global Investors, discusses the impact of derivatives reform on global derivatives trading.
One CFA Institute analyst shares his firsthand introduction to Chinese shadow banking, and why it’s too tempting for many investors to pass up.
How has the use of collateral to mitigate counterparty risk and central clearing helped to reshape the financial system post-crisis?