Dodd-Frank legislation

Unintentional

In praise of the Dodd-Frank Act

Traditional anti-fraud measures can’t deal with systematic financial misconduct. Lawyer and superannuation executive David Galloway, writes in praise of the Dodd-Frank legislation. Confronted with systemic financial misconduct on an unprecedented scale during the GFC, US law makers paused to ask why it occurred and came to what seemed like startlingly obvious conclusions. Firstly, they reasoned […]
Hedge Funds

Learning to fly – with a parachute

It seems that all of a sudden everyone is talking about risk. The newspapers are screaming at us about the risk of contagion from the European crisis, the Australian Prudential Regulation Authority is introducing new standard risk measures for superannuation funds, Dodd-Frank legislation in the United States is all about risk management – the list goes […]