Global Trade Imbalances Are a Major Source of Instability, Says Economist...
The managing director of Capital Economics says unbalanced trade flows contributed to excess leverage and created a liquidity glut that has constrained monetary policy. Read more →
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Update on Money Market Fund Reform: Standoff Continues, but Intervention Looms
Support within the SEC for money market fund reform remains uncertain, and the reforms could very well be doomed if they don't win over a majority of the five commissioners. That is, unless the...
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Dodd-Frank Extraterritoriality: OTC Derivatives Reform in Asia, Europe, and...
Dodd-Frank includes provisions that could extend its reach extraterritorially to Asia, Europe, and beyond. Participants in the OTC derivatives market in these regions are assessing the potential...
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Top Five Articles from November: The Fiscal Cliff, Another Lost Decade for...
Top posts from last month included an assessment of the impact of the fiscal cliff, an analysis of what the Shiller P/E for the S&P 500 augurs for US stocks, and an overview of how Dodd-Frank will...
View ArticleMartin Wheatley: Regulation Is Not a Zero-Sum Game (Video)
Regulation, according to Martin Wheatley, chief executive at the Financial Conduct Authority (FCA), "is not a zero-sum game, like a tennis match or a football match, where either the regulator wins or...
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ECB’s Yves Mersch: Newfound Calm in European Markets Reflects Credibility of...
In the closing keynote address, Mersch sought to explain how recent policy initiatives have addressed problems brought about by the original design flaws of European monetary union (EMU). Read more
View ArticleThe Financial Economists Roundtable Weighs in on Financial Transaction Taxes
Proposals to tax financial transactions are popular now, and many concerns motivate these proposed taxes. Although many members of the Financial Economists Roundtable recognize and respect these...
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Is Private Equity Out of Tune with Society?
Against a weaker economic background, a re-run of pre-crisis practices is no longer acceptable. In the face of criticism from regulators, investors, and politicians alike, an overhaul of private equity...
View ArticleVideo: Lord Adair Turner on the “Hangover of Debt” Weakening Global Economic...
Lord Adair Turner discusses how recovering from the 2008 financial crisis has continued to challenge global economies. Read more
View Article“Trade-at” Rules and Dark Pools: More Trading on Lit Venues but at What Cost?...
CFA Institute-commissioned report reveals trade-at rules offer a mixed bag for investors. Read more
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Adapting to Disruptions in Asset Management
The asset management industry is “facing disruption from every point on the compass,” says Anne Richards of Aberdeen Asset Management. But there is an opportunity for the sector to mitigate these...
View ArticleDodd-Frank and Family Offices: What You Need to Know
In a recent webinar titled "The Effect of Dodd Frank on Family Office Regulation," David Guin, partner in the law firm Withers Bergman, discussed the impact of the US Securities and Exchange...
View ArticleBook Review: Finance-Led Capitalism
Drawing on his extensive economics expertise, Robert Guttmann dives deeply into the topic of innovation as it relates to economic growth. The book is impressive in scope and groundbreaking in...
View ArticleIs the SEC Jeopardizing Financial Analyst Independence?
In recent weeks the Securities and Exchange Commission (SEC) has proposed regulations that in our view will undermine financial analyst independence. As an organization with long-standing leadership on...
View ArticleAccounting Requires Standards, Not Accommodation
Financial reporting trying to achieve ‘neutrality’ and ‘prudence’ distorts reality and is helpful to no one.
View ArticleAudits are not meeting investor expectations
The fact that auditors are not required to predict corporate failure or explicitly detect fraudulent activity has led to a buildup of complacency in audits, whereby red flags are ignored altogether....
View ArticleThe Case for Mandatory Separation of Chairperson and CEO Roles in India
Most countries either require or recommend separation of independent directors, but India had long incentivized this separation by requiring a higher minimum ratio (50% instead of 33%) of independent...
View ArticleMartin Wheatley: Regulation Is Not a Zero-Sum Game (Video)
Regulation, according to Martin Wheatley, chief executive at the Financial Conduct Authority (FCA), "is not a zero-sum game, like a tennis match or a football match, where either the regulator wins or...
View ArticleUK Audit Reform—Investors Attempt to Assess the Net Effect and Timing of the...
Our key takeaway from the Consultation is that the UK government’s most significant instrument of reform is an empowered audit regulator, replacing the Financial Reporting Council (FRC) with the new...
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