The SEC has proposed to amend the accredited investor definition, which could open the door for eventual recognition of the CFA® charter as a qualifying designation allowing them to participate in private markets.
Financial industries around the world thrive on an incentives-driven model, sometimes to the detriment of investors. This approach has created some issues in Australia. What are other countries doing to raise the level of investor protection?
Allianz has brought to NYSE Arca two buffer exchange-traded funds that track the S&P 500 Price Index and that limit losses and cap gains. The AllianzIM US Large Cap Buffer10 Apr ETF protects against the first 10% of losses and caps gains at 10.6%, while the AllianzIM US Large Cap Buffer20 Apr ETF protects against the first 20% of losses and caps gains at 5.41%. ETF (01 Jun.)
The end of 2021 remains the deadline for terminating Libor, but the transition could occur sooner if liquidity builds in alternative reference rates, bank executives say. "My thinking is that the end of 2021 is one date to work to, but the more important date to think through is where liquidity is and when it comes," Goldman Sachs transition leader Jason Granet says. Practice Insight (01 Jun.)
An industry working group sponsored by the Bank of England and the UK Financial Conduct Authority has proposed legislation that would add an amendment to contracts that mature after the end of 2021, when Libor is phased out. The legislation would aid a transition to the Sterling Overnight Index Average, the group says. Reuters (01 Jun.)
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.