CFA Institute

Posted In: Capital Markets, Investor protections, Performance Measurement and Reporting, Systemic Risk The 2008 Great Financial Crisis (GFC) in the United States was not caused by a single institution, a single financial product, or a single policy failure. Instead, it emerged from a steady erosion of the safeguards that had long protected the financial system.

Posted In: Disclosure, ESG Enforcing the clarity and credibility of sustainability claims in the investment fund industry is by now a key tenet of capital market regulation in Europe. This issue has also become a flashpoint in the debate over disclosure simplification and competitiveness in the European Union and United Kingdom.

Posted In: Capital Markets, Corporate Governance, Survey A wave of high-profile technology and artificial intelligence (AI) companies moving toward the public markets could accelerate a long-running erosion of shareholder rights. Although less than 10% of S&P 500 companies have multiclass share structures, some of the market’s largest companies—including Alphabet, Meta Platforms, and Berkshire Hathaway—give substantially greater voting power to insiders than to public shareholders.

Posted In: Capital Markets, Market Structure, Systemic Risk Council, Virtual Currencies A dollar should be worth a dollar, whoever issues it and wherever it settles. CFA Institute is calling on issuers, regulators, market infrastructures, and investors to keep it that way as money moves onto digital rails through deliberate design, regulation, and disclosure.

Posted In: Capital Markets, Investor protections, Market Structure, US SEC Expanding access to public capital is a worthy goal. Broadly weakening the registration, seasoning, and disclosure requirements that make public markets credible is not the way to achieve it. Fan Yang Public markets depend on trust.[1] Investors need confidence that listed companies meet meaningful standards, that disclosures are timely and comparable, and that market prices reflect information available to everyone.

By Posted In: Audit, Capital Markets, Disclosure, Investor protections, US SEC The Securities and Exchange Commission’s (SEC) proposal on semiannual reporting has grabbed the headlines. That’s not surprising; investors immediately recognize what is at stake if companies are given the option to replace quarterly interim reports with semiannual reports.

By and Posted In: Capital Markets, Disclosure, Fintech, Investor protections, Standards, Ethics and Regulations (SER), Survey The rise of social media as an influential force in economics is a global phenomenon. India’s financial landscape is also changing quickly, driven by growing retail participation, increased interest in equities and derivatives, and the expanding influence of digital trading platforms.

At a Glance • Defines the total portfolio approach (TPA) and its role in modern institutional investing • Evaluates the limitations of strategic asset allocation in a more complex investment environment • Identifies the governance, culture, technology, and leadership capabilities required for TPA adoption • Shares lessons from leading asset owners and investment organizations implementing TPA • Guides boards, chief investment officers, and investment leaders through practical steps for...

Posted In: Capital Markets, EU, Investor protections, Market Structure The EU has a serious problem with complex rules and regulations, and its banking and capital markets have suffered more than most other sectors. A new report, from a task force at the Brussels-based European Capital Markets Institute (ECMI) and produced with support from CFA Institute, underlines how the rulemaking process now holds back market deepening and proposes some wide-ranging reforms.

Posted In: Investment Industry Structure and Dynamics, Investment Products, Performance Measurement and Reporting, private markets, Wealth Management The US Department of Labor’s proposal to open 401(k) plans to private market investments marks a pivotal shift in retirement policy — but one that demands far stronger investor protections than currently envisioned. CFA Institute supports expanding access to private markets in 401(k)s, but only if robust guardrails are in place to protect investors.