First consultation paper: Credit Default Swap Regulation by Dr. Janis Sarra
In this paper, Dr. Sarra proposes regulatory solutions for centralized clearing and trading of credit default swaps, and solutions for the destructive incentives in insolvency proceedings that can be created by firms holding credit default swaps.
Second Consultation Paper: Pension Fund Fiduciary Duties by Keith L. Johnson and Frank Jan de Graaf
Recognizing the size and therefore importance of pension fund investors in today’s markets, Keith L. Johnson and Frank Jan de Graaf propose a number of necessary reforms to pension fund trustees’ fiduciary duties.
This paper analyzes various types of conflicts of interest by sell-side securities analysts, and proposes three specific reforms to address those conflicts.
