industry competition
Whether the changes will be cosmetic or profoundly far-reaching will depend on the ambitiousness of the policy-makers in the European Commission, Parliament, and the Council (representing EU Member States).
Dennis Dick, CFA: “Circuit breakers and warning systems for stop or market orders are mere band-aids for potentially larger underlying market structural issues ...."
Report reveals 36 barriers to the development of a truly pan-European CMU; findings complement CFA Institute member survey results.
China’s circuit-breaker mechanism got a workout its first day in use due to extreme market volatility. Three days later, China suspended use of the safeguard until further notice. Here’s our take.
With 2015 slowly drawing to an end, it is time to have a look at what the New Year will bring in European financial services legislation.
EU CMU Action Plan broadly addresses investor concerns, but how will it tackle key challenges?
Conclusions of Healthy Markets report on recent dark pools misconduct is sobering.
Svi Rosov, CFA: “People awaiting the demise of the modern financial system may be disappointed.”
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.
Although China held just 4% of global shadow-banking assets in 2013, Chinese investors worry about systemic risk.
What does shadow banking really mean, what does it look like, and what should policy makers care about?
Are HFT speed advantages wrong, or simply taking advantage of inefficiencies in an imperfect market?