Commentary

Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

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Amid changes in builder, do you think the CAT project will be completed by 2020?




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April 1, 2003

SIA Rakes NASD And the Big Board

By Gregory Bresiger

Two groups are going too far in trying to clean up the conflicts-of-interest problems in the analyst profession, according to one securities industry trade group.

The Big Board and the National Association of Securities Dealers missed the mark in trying to reform the role of analysts, the Securities Industry Association wrote in a recent letter to the SEC commenting on their proposals. The proposals are "ambiguous, problematic and contain numerous inconsistencies," the SIA wrote.

One of the SRO's reform analyst proposals calls for a certain kind of due diligence for investment banking clients. But that, SIA charges, will mean that compliance is difficult.

"Moreover," the letter continued, "the virtual ban on research supervisors from owning equity securities will discourage most qualified people from wanting to oversee research."

Spokesmen for the Big Board and the NASD declined comment.