Mega forces are big, structural changes that affect investing now - and far in the future. This creates major opportunities - and risks - for investors.
Description:
The International Financial Reporting Standards (IFRS) 17 is a complex set of accounting principles that are expected to materially impact liability measurement and profit recognition for insurance companies. We believe this is very welcome, as the current standard (IFRS 4) needs overhauling and the new standards could enhance global comparability of financial information. However, the intended objectives of IFRS 17 may not be met in full due to the complexity of implementing the new standards in a relatively short timeframe. In this ViewPoint, we outline the history and scope of international standards, describe the potential benefits of IFRS 17, and highlight possible unintended consequences on insurers, analysts and investors.
Description:
Much has happened over the past decade to reshape the economic landscape. The greater sophistication and more complex structure of financial markets, rapid technological developments, and the increase in third-party intermediated distribution models have enhanced the opportunities available to investors. In this ViewPoint, we look at how to rebuild investor confidence in the light of European proposals to update consumer regulation of financial services. We consider how to preserve investor choice and make specific recommendations to improve the regulation of product providers and distributors.
Description:
This ViewPoint underlines the importance of enhanced risk disclosure by banks in restoring trust in the banking system. This paper outlines the key principles and recommendations for enhanced risk disclosure set out in the Enhanced Disclosure Task Force (EDTF) report, published in October 2012, that BlackRock helped co-author.
Description:
The Capital Markets Union project, announced in July 2014 by EU Commission President Juncker, seeks to remove barriers to the free flow of capital in Europe, and increase the role that market-based finance plays in intermediating capital to European companies, projects and governments. In this ViewPoint, we set out our thinking in the areas we believe are fundamental to its success.
Description:
In the wake of the financial crisis, legislators and regulators around the world have initiated a variety of proposals aimed at reducing the systemic risks posed by OTC derivatives. In this ViewPoint, "OTC Derivative Market Reforms: An Investor Perspective," we summarize current proposals, offer our views on their effectiveness, and highlight issues that should be addressed before new rules take effect.
Description:
This paper outlines key market structure issues from an investor perspective and provides recommendations for improving investor confidence.
Description:
The JOBS Act, short for Jumpstart Our Business Startups Act, was signed into law by President Obama on April 5, just weeks after it won bipartisan approval in both the House and the Senate. The law redefines provisions around IPOs, expands permissible advertising for private investment products and facilitates access to startup capital. As an investment manager and a fiduciary for individual and institutional investors, we believe the JOBS Act encourages capital formation while incorporating important protections. In this ViewPoint, we summarize the key components of the law and offer an investor's perspective.
Description:
In this ViewPoint, we describe the current environment for infrastructure investing and propose a holistic policy framework that recognizes investors’ requirements for investing in infrastructure. This policy framework is built on four key principles: (i) providing certainty to investors, (ii) focusing on transparency, (iii) determining funding structures that align the interests of investors and public authorities and (iv) developing a stable and consistent regulatory environment. This paper also discusses some of the existing regulatory barriers to infrastructure investment and provides suggestions to address them.
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