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

Controversial OFR Report Yields Some Valuable Findings

What We Don’t Know is as Dangerous as What We Do

Tuesday, April 15, 2014

The September 2013 Office of Financial Research (OFR) report entitled “Asset Management ...
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Anti-Trust Ruling a Setback for LIBOR Plaintiffs

Plaintiffs Seeking Remedies Under Anti-Trust Statutes May Have to Change Tactics

Monday, April 14, 2014

U.S. District Court Judge Naomi Reice Buchwald has ruled against a group of plaintiffs seeking ...
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Trends in Foreign Exchange and Money Markets

Speech by Mr Peter Zöllner, Head of the BIS Banking Department

Wednesday, April 09, 2014

Since the financial crisis, both FX and money markets have undergone significant changes, driven ...
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