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Financial Services
Spring 2015 Industry Study Final Report Financial Services The Dwight D. Eisenhower School for National Security and Resource Strategy National Defense University Fort McNair, Washington, D.C. 20319-5062 i FINANCIAL SERVICES 2015 ABSTRACT: The Financial Services Industry plays a key role in our national security and prosperity by providing much needed credit and capital to the Defense Industrial Base and all aspects of the economy. Seven years after the worst financial crisis in recent history, regulations have increased transparency and raised liquidity, capital and leverage standards. By many measures the system is now safer, particularly in terms of stability. However, concerns remain that risk may be moving to unregulated areas and that post-crisis regulation designed to make the industry more stable is now potentially undermining its contribution to economic growth. Our recommendations focus on improving the balance between financial services sector stability and the necessary market liquidity to support a prospering US economy, as well as issues of political, transparency, cyber-security and ethical risks. Mr. Gregory J. Adams, US Agency for International Development CDR David S. Baird, US Navy Col Robert B. Copes, US Air Force CDR Kimberly D. Ernst, US Navy LtCol Peter C. Farnum, US Marine Corps Mr. David E. Hoffman, Dept of Homeland Security COL Keith E. Igyarto, US Army COL Nahi Joubran, Lebanese Army COL Kevin D. Litwhiler, US Army Lt Col Darren Paladino, US Air Force Reserve Mr. Ingvar Pärnamäe, Estonian Ministry of Defence Mr. Robert C. Sampson, Office of the Secretary of Defense Mr. Jeffrey R. Schrader, Dept of the Air Force Lt Col Tracy D. -
Ethics in Finance
Ethics in Finance “Kara has written an excellent guide to the ethical pitfalls of the professional world that too many have experienced too often. The genius of this book is that it not only provides the cautionary tales, but provides the coming generation of financiers and academics the tools and methods to see their way clear of the ever-churning waters of moral peril. Kara’s experience is extensive, both in terms of international locale and the various institutions, private/public, for-profit and not-for-profit, so the utility of her analysis is broadly applicable. Students, and even wizened practitioners, are indeed fortunate to have access to both her experience and the means to sort through the travails they will encounter in their own professional odyssey.” —Chris Richey, CFA, Managing Director, Silvercrest Asset Management “I must say, I am so impressed. I was instantly engaged by the storytelling and loved the background on moral philosophy. After finishing the first chapter, I wanted to immediately read the next chapter on utilitarianism. I think the book is valuable for young women (feminist lens), valuable for anyone – male or female – going into business (financial ethics lens), and would be a great discussion tool for many classes. I am teaching an elective on The Good Place and would love to use chapters from this book in that course.” —Sarah Taber, English Faculty, St. Teresa’s Academy “Dr. Kara Tan Bhala has written a must-read for not only those considering a career on Wall Street, but also for any retail investor in this new era of social media led investing. -
Think Tanks: Guide to Organization’S Mission and Value Statements
THE UNIVERSITY OF CHICAGO HARRIS SCHOOL OF PUBLIC POLICY Think Tanks: Guide to Organization’s Mission and Value Statements Note: Text descriptions were taken from organization’s websites and may have been edited. THINK TANK DIRECTORIES • The Foreign Policy Research Institute’s online Think Tank Directory lists think tanks devoted to Security and International Affairs research and education. Nearly 1000 institutions are represented, which you can browse by name, list by country, or search from this website. FPRI’s Think Tanks and Foreign Policy Program was initiated in part because there was no single source of information on think tanks. National, regional and selective international databases have been developed but no comprehensive database existed until now. It is the long-term goal of the project to periodically collect and analyze information about these organizations through surveys so that national, regional, and global trends can be identified. • Since 1993, the National Institute for Research Advancement’s (NIRA) Center for Policy Research has published NIRA’s World Directory of Think Tanks (NWDTT), which provides a systematic introduction to the world’s most prominent and innovative public policy research institutes, better known as think tanks. NWDTT provides details of the organizational structures of these think tanks and research activities in which they engage, functioning as the “soft infrastructure” for a global network of think tanks. In order to expand access to this useful reference source on think tanks, basic organizational information on approximately 500 institutions from 100 countries is available on line. THINK TANKS: A-C • The AARP Public Policy Institute is a nonprofit, nonpartisan organization with a membership that helps people age 50 and over have independence, choice, and control in ways that are beneficial and affordable to them and society as a whole, ways that help people 50 and over improve their lives. -
SPI-Newsletter-2012
In his speech, Dr. De George addressed the The companies trading these often demand moral defensibility of capitalism. After a high rate of return for the risks they noting that he originally lectured on the assume. The remuneration seen in financial topic as a reply to Marx's criticisms of capitalism has yet to encounter competition capitalism in 1974, he said the U.S. went to drive it down. In industrial capitalism, an from industrial capitalism into the current entity would swoop in and take the job at a SPIN state of financial capitalism. Industrial lower cost to increase consumers. However, SEVEN PILLARS INSTITUTE capitalism could be defended, he said, by we are lacking that competition to drive NEWSLETTER the improved wealth and standard of living down costs in financial capitalism. August 2012 for the ordinary citizen. Entrepreneurs provided needed goods and services at a Dr. De George stated that although he SECOND ANNUAL FUNDRAISER reasonable cost that was controlled by knows plenty of explanations for the current competition. Government rules and system, he has yet to hear justifications for The Seven Pillars Institute hosted its second regulations cured many of industrial it. The political sphere tells us that each annual fundraiser on July 6, 2012. The event capitalism's ills. These included party has the right fix for the economy. was a success, with many notable academics exploitation, safety, and monopolies, among However, neither side tells us all the and Kansas Attorney General Derek others. options, or justifies why that side has the Schmidt in attendance. Dr. Richard De best.