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

A Revised Fiduciary Standard Proposal from the DOL

Tuesday, April 14, 2015

On April 14, 2014, the Department of Labor issued its long awaited reproposal of fiduciary ...

A Hard Push Against the FSOC's Non-Bank SIFI Designation

Thursday, April 02, 2015

Over the objections many, including asset managers, insurance companies, and even legislators ...

Congressional Republicans Want Answers on DOL and SEC Fiduciary Standards

Tempers Flare as Publication of Sweeping New ERISA Fiduciary Proposal Draws Near

Wednesday, March 25, 2015

In a March 4, 2015 letter, two House Republicans requested answers from Department of Labor ...
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