Vincent Papa, director of financial reporting at the CFA Institute, argues that investors should not underestimate the importance of comprehensive income when assessing bank performance and risk levels. With banks’ earnings season in full swing and the looming threat of rising interest rates, a pertinent question remains: How effectively are investors monitoring the performance and […]
Vincent Papa, director of Financial Reporting Policy at the CFA Institute comments on the implications of using RWA density and return om RWA as risk and performance metrics. As we delve deeper into the bank earnings season, it is worth taking a closer look at two important risk and performance metrics: risk-weighted assets (RWA) density, […]
Vincent Papa (pictured), director of financial reporting policy at CFA Institute discusses the results and unanswered questions of the asset quality review. From the highly anticipated release of the European Central Bank’s (ECB) asset quality review (AQR) and stress test results to identify capital shortfalls among banks, we know that 25 banks received failing marks and […]
Developed market equities are increasingly seen as overvalued assets, according to the latest CFA UK Valuations Index. The Index, which is based on a survey among 584 analysts and investors conducted in July 2014, highlights that investors are increasingly struggling to find value in assets. More than half of investment professionals view developed market equities […]
According to a recent study conducted by London-based investment industry association CFA, there are systematic differences in bank disclosures of loans and bad debt reporting across countries. The study, called Financial Crisis Insights on Bank Performance Reporting, was conducted among 51 global banks across 16 countries including EU countries, the US, Japan, Canada and Australia. […]
The annual CFA UK conference, which took place on 12 June in London, addressed how to deliver value in the current low interest climate.
The latest CFA UK Valuations Index points to a rise in perceptions of asset classes being overvalued.
CFA Institute, EuroFinuse, FECIF, EFAMA, and AILO have jointly welcomed the focus of the European Commission on investor protection through the publication this week of three pieces of legislation: the Packaged Retail Investment Products (Prips) Regulation, the revised Insurance Mediation Directive (IMD) and the Ucits V Directive.
The issuance of common sovereign ‘stability bonds’ could help solve the Eurozone debt crisis, but other factors have to be in place as well, according to a poll of investment professionals in the EU and Switzerland.
Fund selectors will often insist they need to meet the manager, know the company and test the record. For managing partner Fraser McKenzie (pictured), that is not enough.
It is less attractive to work in the UK than in other financial centres, according to a poll conducted by the CFA Society of the UK (CFA UK) which is hosting the global CFA Institute’s annual conference in Edinburgh next week.