Unique insights into shadow banking and opaque markets.

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Data compilation for investors, service providers, and regulators.

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Market expertise in risks, procedures, and governance.

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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

Congressional Republicans Want Answers on DOL and SEC Fiduciary Standards

Tempers Flair 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 ...

A Call for Academics to Join Policy Debates Over Securities Regulations

SEC Opens the Door to Academic Input on Equity Market Structure Reforms

Tuesday, March 17, 2015

In a recent address before the Center for the Study of Financial Regulation at the University of ...

Latest FSB Global SIFI Consultation Draws Swift Criticism

Thursday, March 12, 2015

Though the Financial Stability Board’s March 4, 2015 consultation paper on Global SIFI ...