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Fifth Annual Cass-Capco Risk Management Conference
April 19, 2012: Cass Business School, London, UK

The fifth annual conference of the Cass-Capco Institute on Risk brought together practitioners and academics to discuss how risk can be managed to lessen its impact on business and economic growth... Read More

Banking in the “Glocal” World
March 1, 2012: Zurich, Switzerland

Swiss Finance Institute and Capco Institute were pleased to present the Inaugural Annual conference of the SFI-Capco Institute Paper Series on Banking in Zurich, Switzerland. The conference brought together leading financial experts and scholars to discuss... Read More

Transparency in the Future

Installment III: Capco Regulatory Reform Series

One of the key goals of financial reform is to increase transparency in the financial system. Transparency can only be meaningful if it reaches across exchanges and products.

How can transparency be established across different exchanges so that they can be managed and regulated in an integrated manner? In the U.S., how will transparency efforts be impacted by the pervasiveness of American Depository Receipt (ADR) instruments across U.S. exchanges? And, how will transparency requirements be extended into derivative instruments?

Transparency across exchanges will require a global regulator for global banks. Unless there is a global regulatory and reporting body, individual firms will be expected to report on a consolidated basis irrespective of the execution venue. This may not be much different from the way consolidated reporting is conducted today in each local country for accounting purposes.

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bala2252

08.02.2012

It seems to me our present-day concepts of wealth are based on what the banking and banking -services sectors have been able to quantify as wealth. What is the likelihood of broader and more pervasive use of this term in various societal frameworks? Conversion of wealth in to liquid assets presently takes place in a very limited form through banking channels and organized markets/exchanges. Are new institutions and conversion-systems likely to be developed to help global commerce and/or global economic-capacity?