MADRID | March 26, 2015 | By Ana Fuentes | In the second part of our exclusive interview with the IOSCO Secretary General, David Wright speaks about corporate oversight and the need to change a culture which has conflicts of interests at its centre. [You can check Part 1 here]
WASHINGTON | The problem wasn’t just the forced flexibility implied in the S&P models to rate AAA what should had never been awarded top quality grades. The supervisory models themselves were incorrect, to start with.
NEW YORK | It is the latest mantra on Wall Street: US companies are sitting on a lot of cash, $1,2 trillion, and that’s only counting non-financial companies in the Standard & Poor’s 500, says the Association for the Financial Professionals. This is a record: up 70% from 2007 and 200% for the past 10 years. This huge war chest makes a lot of people wonder: what are they waiting for?…
