In the News

 

Global Financial Crisis

  

Where Do You Stand? Results of follow-up member survey on government intervention in market crisis Results of member survey on government response to the credit crisis EU members oppose suspending fair value standards CEO e-newsletter follow-up survey Advocacy Update poll on governmental bailouts Results of member survey on fair value Results of member survey on credit rating agencies

The unprecedented and worldwide financial market turmoil has highlighted the complexity and inter-connectivity of the capital markets. Messages from the CFA Institute Centre for Financial Market Integrity and CFA Institute benefit from the global stature and perspective of its nearly 100,000 members, and we will continue to seek your views as this situation evolves.

 

We offer this resource to share outreach by CFA Institute and others that may help our members understand and stay up-to-date on the events and proposed solutions to the global credit crisis.

 

Explore the ethical dimension of the market crisis: Read a Q&A from the practitioner perspective

                

What Have We Said?

 

• Comments to MAS on Regulatory Regime Governing the Sale and Marketing of Unlisted Investment Products (PDF)
• CFA Institute Offers 10 Tips on Avoiding Investment Fraud
• Joint Letter to the SEC Urging Independence of Standard Setters and Addressing Its Impact on Fair Value (PDF) 
• CFA Institute Memorandum to the Treasury Select Committee "Accounting and the Banking Crisis" (PDF)
• CFA Institute Submission of Written Evidence on Accountancy and the Banking Crisis (PDF)
• CFA Institute Centre Brief for MEPs (PDF)
• Investors are Supportive of Governments Worldwide Investing in Domestic Banks says CFA Institute Poll
• Suspend the politicking, not the accounting
• Comments to Japan's Ministry of Finance (PDF)
• Joint letter urging SEC not to suspend mark-to-market accounting rule
• CFA Institute Offers Top Five Facts When Investing in Turbulent Markets
• Comments to President Sarkozy in support of fair value standards (PDF)
• Joint statement opposing suspension of fair value
• CFA Institute calls for accountability, end to posturing
• "The Investor Perspective on Bailouts"
  
• Letter to Capitol Hill on fair value
• Advocacy Update, September 2008
• Letter to FSA on Guidelines for Financial Instruments Business Supervision (PDF)
• Position on asset-backed securities
• Position on fair value
• Position on credit rating agencies
• Position on short selling

 

Related Materials

• Find CFA Institute educational resources
• Discussion draft of Emergency Economic Stabilization Act, Wall Street Journal, 28 September 2008 (PDF)
• "Text of Draft Proposal for Bailout Plan," New York Times, 23 September 2008
• "The Subprime Crisis: How Did We Get Here? Where Are We Going?," CFA Institute Conference Proceedings Quarterly 

 

Webcasts and Podcasts

Listen to James Grant, the founder of Grant’s Interest Rate Observer and a founding general partner of Nippon Partners, a hedge fund that invests in Japan, discuss the following:

• What will be the aftermath of the unprecedented actions of the U.S. Federal Reserve in 2007 and 2008 and the ultimate effect on the global inflation, economics, and markets?
• Will the dollar remain the world's reserve currency?
• After the crisis, will it be a new era for investors?

 

 Watch John C. Bogle, founder and former CEO of the Vanguard Group and president of Vanguard’s Bogle Financial Markets Research Center, answer questions about his recent Financial Analysts Journal article entitled "Black Monday and Black Swans"