Analysis

Unique insights into shadow banking and opaque markets.

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Research

Data compilation for investors, service providers, and regulators.

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Experience

Market expertise in risks, procedures, and governance.

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Perspective

Policy trends in global capital markets.

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Bringing Clarity to Opaque Markets

The Center for the Study of Financial Market Evolution (CSFME) is an independent, nonprofit organization whose mission is to improve transparency, reduce risks, support research, and promote sound regulation of financial markets. It does so by conducting data-driven analysis, providing investor education and outreach, and supporting regulatory reviews in otherwise opaque markets. It serves individual and institutional investors, banks, brokers, other financial market participants, academic institutions, and government regulatory agencies.

Lender Directed Voting

Lender Directed Voting (LDV) is a concept proposed by CSFME to address inefficiencies introduced into the market when lenders of securities' desire or duty to vote proxies comes in conflict with their need to maximize their lending income.  With LDV, investors would no longer have to choose between their corporate governance responsibilities and valuable fee income from securities lending.  LDV provides a mechanism by which those who currently prefer the income would no longer have to forgo their voting rights, while governance-oriented lenders could vote their proxies and still generate revenues from securities lending.  Learn more about LDV.   

Blog and News

Shadow Banking Remains on the FSB Agenda

The FSB Has a New Shadow Banking Roadmap in Store for Brisbane in November

Wednesday, September 24, 2014

Following its September meeting in Cairns, the Financial Stability Board (FSB) has published a ...
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UK's Financial Reporting Council Issues New UK Corporate Governance Code

Better Corporate Governance and Risk Management Through Shareholder Engagement

Monday, September 22, 2014

The Financial Reporting Council (FRC), UK’s independent regulator responsible for ...
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Bank Directors May Find Themselves With a Heightened Standard of Care

To What Extent Should Regulators Dictate How Bank Boards Oversee Risk?

Wednesday, September 17, 2014

A recent address by Federal Reserve Governor Daniel Tarullo has raised the specter of expanded ...
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