All GLG News Analyses Filed Under: Exchange & Other Regulatory Bodies

1. Souvereign funds based on the undue accumulation of unproductive foreign reserves can only exist in a mercantilist system of fixed or pegged exchange rates. 2. By moving towards a complete floating exchange rate system, foreign reserve accumulations will be driven to zero and, ergo, also the...

Investors and traders need "buy," "hold" and "sell: signals based on intrinsic value models, e.g., bond, stock, futures, options, swap, real estate, etc. models, but there is no consensus, even among expert economists, what are "fair" intrinsic value models, although a minority consensus is emerging,...

This article reveals the bizarre mindset of managers who (a) want to take huge risks for a shot at high returns, (b) don’t mind reporting results when they succeed, but (c) don’t want to report their losses. To put it another way, they want to invest in risky securities but report income from their...

Is the fear of sovereign-wealth funds justified? Are sovereign funds being used for nefarious objectives? Can the U.S. Securities & Exchange Commission regulate sovereign funds? 

Recently, the SEC eliminated the GAAP reconciliation requirement as part of Form 20-F for foreign issuers.  Almost simulaneiously, the Commssion issued a Concept Release that would allow U.S. issuers to drop GAAP and use Interantional Financial Reporting Standards.  The implications of these...

The growing importance of  the  Indian bourses in the  emerging  markets and  the  manner  in which capital is  getting  attracted to India  from the  United  States  and  also  the  amount of  M&A  activity...

The SEC is seriously looking into the potential for manipulation relating to the use of “10b5-1” stock-trading plans for corporate executives.  The ultimate fear is that certain executives are in fact trading on insider information and using these trading plans as a cover.  There have been...

Potential cost savings for foreign groups if IFRS based accounts become acceptable to SEC. Humbling effect of US becoming just a player, albeit still a major one, in the global capital markets It remains to be seen whether this is an exercise to ensure that US authorities seen as doing something...

The SEC and FASB (and others) in recent years have been helping to lead a major national effort to reduce the complexity in financial reporting.  The analysis section below argues these parties will be fighting quite a headwind going forward with the significant number of new, pending...

In order to list on U.S. exchanges, the SEC currently requires foreign companies which prepare financials using international accounting standards (such as IFRS) to reconcile their reports to U.S. GAAP. The SEC is seriously considering allowing foreign companies to eliminate the required reconciliation...