US president Barack Obama took his fight for financial reform to the heart of Wall Street this week and described the role of shareholders as “the last key component”. As the US administration faces up to a tough fight in the Senate on Monday, Obama outlined his vision of a financial system that did not “have to choose […]
Read MoreAny choral singer will be familiar with the concept: a choir singing an acapella section will often naturally go ‘flat and lose pitch’, only to have to painfully re-adjust pitch when the orchestra joins in. Conversely, if the orchestra were to be playing in the wrong key (as a violinist and singer, a cruel but amusing […]
Read MoreThe Investors Working Group, a bi-partisan panel of experts created in February 2009 by the Council of Institutional Investors and the CFA Institute Centre for Financial Market Integrity, has released its recommendations for reform and modernisation of the US financial markets. According to the report, strengthening existing regulatory agencies, closing gaps in the regulatory structure, […]
Read MoreLeading global investors, with assets totalling over $1.3 trillion, have written to US President Barack Obama urging the new administration to implement “critical” legal reforms to US financial markets and corporate governance practices. The institutions, representing the pension savings of some 15 million individuals globally, called for fundamental reforms as a means of restoring investor […]
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