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

Could Redemption Gates Actually Encourage Runs on Funds?

Economists at the NY Fed posit that in some cases redemption gates may the have opposite effect intended

Thursday, August 28, 2014

Under rules recently finalized by the SEC, all money market funds will be permitted, and under ...
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Senate Democrats Call for Executive Action to Stop Corporate Inversions

While Congress works to end tax loopholes, Presidential action is necessary.

Thursday, August 14, 2014

“Inverted corporations take advantage of all the things American tax dollars ...
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Dodd-Frank Implementation: Are We At the End of the Beginning, or the Beginning of the End?

Tuesday, August 12, 2014

With the Dodd-Frank Wall Street Reform and Consumer Protection Act having just celebrated its ...
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