Views on improving the integrity of global capital markets

Investment Industry


ESG Analysis: Is judgment more important than data?

Over the past two years CFA Institute and the Principles for Responsible Investment have gone around the world o better understand the current state of environmental, social, and governance (ESG) integration.

Is the Proxy Advisory Industry in Danger?

The Securities and Exchange Commission (SEC or the Commission) appears set to unveil new oversight for firms that advise investors on voting their shares in public companies.

Nine Cursory Observations About WeWork

WeWork. Where to begin? Here’s a cursory look so far.

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.

Embracing the Inevitable: ESG Disclosures

When it comes to ESG reporting, survey respondents and roundtable participants say that they incorporate governance factors into their investment analysis to a greater extent than they incorporate environmental and social factors.

Reverse Factoring: Undisclosed Borrowing to Smooth Operating Cashflows Volatility

Creditor factoring generally delays payments to creditors to fund a company’s operations. While such arrangements may help companies in smoothing operating cashflow volatility, often it is used as a last resort to manage liquidity problems. Investors find out about this practice only when “other items” in current liabilities become too big to miss when it may be too late to take action.

ESG Integration in Asia Pacific: Markets, Practices, and Data

CFA Institute and the Principles of Responsible Investment (PRI) have released the final report (in a series of four) concerning the current state of global ESG integration.

SpaceX Is Opening Up the Next Frontier for HFT

It has been a few years now since the topic of high-frequency trading (HFT) has garnered mainstream attention, or even much coverage in the financial press.

Green Bonds Pose Challenge to EU Sustainable Finance Initiative

In this podcast, Josina Kamerling, head of regulatory outreach for CFA Institute for Europe, explores the state of the discussion on Green Bonds and what developments investors and policy makers might expect in the coming months and year.

Thailand Leads the Region in ESG Disclosures

Thailand is a leader in APAC in terms of ESG disclosures.

A Rocky Road to Improved Investor Protection

For most of 2018, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry captured the attention of many in Australia. Unfortunately, the issue of mis-selling is a global one.

Dual-Class Shares: The Fear of Missing Out?

The fear of missing out (FOMO) typically refers to the uneasiness that one is not “in-the-know” or is “out of touch” with some social events, experiences, and interactions. 

Uber and Public Capital Markets: Shareholder Rights, Uninformative Prospectus, Weak Post-IPO Performance

The recent IPO of uber has been fascinating in terms of its relevance to many of the issues currently concerning participants in the public capital markets space. Is the capital raising ecosystem is still somehow out of kilter?

Equities versus fixed income: How ESG factors affect both asset classes

The content in this blog is based on a CFA-PRI survey of 1,100 financial professionals, mainly CFA members, from around the world, as well as workshops in 17 markets, as part of a best-practice report.



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