This year marks the 20th anniversary of the Principles for Responsible Investment (PRI), launched with United Nations backing ...

Traditionally, financial markets have focused on front-office operations. However, optimization of post-trade processes is increasingly recognized as crucial for smooth market operation. The shift of ...

A particularly important development is the increasing collaboration between banks and non-banks — including private equity and private credit firms. Banks and non-banks both contribute to a healthy ...

How do institutional rigidities slow innovation in traditional financial markets? Know the impact of legacy infrastructure, ...

In our last article entitled, "Intrinsic Value is Subjective," we presented decisive empirical evidence that directly falsified the Efficient Market Hypothesis (EMH). We showed that even under ...

I began this article with the goal of addressing an academic notion, the efficient-market hypothesis, or EMH. My research dissuaded me. In one University of Chicago article, a faculty member questions ...

WASHINGTON, DC - NOVEMBER 28: Sen. Elizabeth Warren (D-MA) speaks during a protest in front of the Consumer Financial Protection Bureau (CFPB) headquarters on November 28, 2017 in Washington, DC. Sen.

The key areas for deepening financial system reform are institutional innovation, deepening supply-side structural reform and ...

A market maker is a firm or individual that helps facilitate the buying and selling of securities by providing liquidity. They do this by being ready to buy and sell at publicly quoted prices, which ...