you are invited to a ...

FALL ROUNDTABLE & RECEPTION
Thursday, September 15, 2016
2 pm - 5 pm ET
Loomis Sayles & Company
One Financial Center, 5th Floor
 Boston, Massachusetts 02111

Sponsored by the INVESTORS
Market Practices Council
Steve Chittenden, Chair
LOOMIS, SAYLES & COMPANY
Tiffany Hu, Co-Vice Chair
STATE STREET GLOBAL ADVISORS
Angela Patel, Co-Vice Chair
PUTNAM INVESTMENTS

Friday, September 2, 2016
Let's recap
In case you missed it . . .
This Is How Leverage in the Financial System Lives On Investors look to a bevy of derivatives to increase returns (Aug 31)

Morningstar Wins Approval to Rate Corporates, Financials: Morningstar Credit Ratings has been approved by the SEC to expand its grading capabilities beyond asset-backed securities into corporate debt and financial institutions (Aug 29)

Currency Traders Can't Lose as Strategies Reap Big Gains Carry trade leads while valuation and momentum also rally; still-cheap yen helps trades along with Aussie, kiwi yields (Aug 28)

Is There a Bond Market Bubble? If the results of a recent CFA Institute Financial NewsBrief  poll are any indication, at least some of the global fixed-income market is in bubble territory (Aug 25)

Regulators Approve Hemp Derivatives Exchange : CFTC allows Seed SEF to register a trading platform for industrial hemp derivatives  (Aug 24)
Implementing global financial reforms 
FSB's Carney calls on G20 leaders
(Aug 31)  Mark Carney, head of the Financial Stability Board, said the support of the Group of 20 nations is essential to ensure the full, consistent implementation of reforms to the global financial system. Carney's letter to G20 leaders for Hangzhou, China summit was published on the FSB website. According to Carney
  • G20 reforms are working and financial system has "proven resilient in the face of recent shocks," and that the financial system "is changing to rely more on markets and less on banks," which is a "major positive development, but one that also raises new vulnerabilities."
  • The FSB will complete recommendations for addressing financial stability risks posed by asset management activities by year-end.
  • On bond-market liquidity, the FSB sees "limited evidence of a broad deterioration in market liquidity in normal times," though there's "some evidence of reduced depth in certain sovereign and corporate bond markets."
The FSB's plans for 2017 include:
  • Reporting further findings on market depth and funding liquidity early in German G-20 presidency.
  • Issuing proposals on resolving central counterparties in early 2017 and completing the package before the G-20 summit next year.
  • Issuing a report on actions taken and recommendations to reduce misconduct in the financial sector in 1H 2017.
Binge reading disorder
Hand-curated, chosen with love
10 Things Investors Can Learn From the Horse Track: "We look for a horse with one chance in two of winning which pays you three to one" - Charlie Munger

This Is Your Company on Blockchain : The technology would turn a company into a seamless network of coordinated freelancers

The CIA's Venture-Capital Firm, Like Its Sponsor, Operates in the Shadows: In-Q-Tel provides only limited information about its investments, and some of its trustees have ties to funded companies

How to Lie With Fed Statistics Averages and relationships and trends and graphs are not always what they seem

How Watching Seinfeld Can Teach You About Economics: T here's a lot to learn from the show about nothing