About the author: Sean McMahon | SmartBlogs

Sean McMahon Sean McMahon edits SmartBrief newsletters on global financial markets and consumer banking.

The U.S. economy has made steady progress since last year, registering an average score of 59 on the Bank of America Merrill Lynch 2015 CFO Outlook survey. This is an increase of six points from last year on the 100-point index, with 100 representing an exceptionally strong economy.

The survey tallies responses from 603 financial services sector executives for firms with revenues between $25 million and $2 billion.[…] Continue Reading »

Gen. Colin Powell, USA (Ret.) and legendary comedian Jay Leno share quite a history. Not only have the two spent a great deal of time together, they have each spent significant time interacting with numerous presidents. Better yet … Powell spent years working for four different presidents, while Leno spent years making fun of them.

Time with Reagan

During a joint appearance during the gala dinner at CME Group’s annual Global Financial Leadership Conference this week in Naples, Fla., Leno tried to lure Powell into revealing which of his former bosses was the best leader.[…] Continue Reading »

When it comes to systemic risk, experts at CME Group’s 7th annual Global Financial Leadership Conference remain skeptical about whether policymakers have the right tools, let alone know what to do with them.

Kevin Warsh, a former member of the board of governors at the Federal Reserve, said he is concerned about huge burden being placed on macroprudential oversight, especially considering there is no academic research or history on how to do it.[…] Continue Reading »

Terry Duffy is the Executive Chairman and President of CME Group, which is hosting its annual Global Financial Leadership Conference next week in Naples, Fla. Mr. Duffy chatted with SmartBrief and shared more background on the GFLC.

1. The Global Financial Leadership Conference is now in its 7th year … How has the event evolved?

The GFLC has come a long way in its short history.[…] Continue Reading »

CFTC regulations on trade reconstruction are changing the way firms need to think about compliance. Here’s a step-by-step guide to get started.

The Dodd-Frank Act unleashed an avalanche of new rules affecting the financial industry, chief among them the trade reconstruction requirement, which mandates that swap dealers are able to produce a complete reconstruction of a trade within 72 hours of a request by the Commodities Futures Trading Commission (CFTC).[…] Continue Reading »