BANKERS’ PAY CAPS PAY CAP LEAVES A BITTER TASTE The taste is akin to unsweetened lemonade. A cap on bankers’ total compensation packages will be approved and become part of the Dodd-Frank Act of 2010. The language has been out for public comment (comments due July 21,...

This editorial discusses Post-Credit Crisis reforms & how to enforce non-compliance. Integrity in Finance can become a habit, but only through consistent, repetitive good choices coupled with the fear of punitive action resulting from broken rules....

IMF Special Drawing Rights The 2015 IMF Meeting is currently underway in Lima, Peru. There was much anticipation regarding an announcement slated for October 20th regarding the IMF SDRs & China. China would like to join the currencies which make up the IMF’s Special Drawing Rights (SDR).  The IMF...

WHAT REVISIONS DID THE CFTC PROPOSE & WHY? The CFTC proposed revisions to swaps processing and reporting (Section 21 of the CEA (Commodity Exchange Act). The goals of Dodd-Frank are to make the swaps market transparent, liquid & trackable.  The CFTC proposes Identifiers for every swap. ...

A quick look at fiat currency and how it becomes a store of value without being back by metal. The strength of innovation, execution and the next generation are also discussed. ...