The deep economic changes necessary to achieve the Paris Agreement objectives require a consistent reallocation of resources. This gives the financial sector a key role in tackling climate change. Risk analysis is important in that perspective.
Creating investment performance standards that help protect the investing public is not an easy task. Yet decades ago, CFA Institute set out to do just that, creating what are now the Global Investment Performance Standards (GIPS®). As of 30 June 2021, more than 1,800 organizations in 48 markets claim compliance with the GIPS standards.
After the capital asset pricing model (CAPM) was developed in the 1960s and 1970s, financial researchers started to test how well this theoretical model actually worked in the real world.
This research paper constitutes the second edition of our work on the impact of the COVID-19 crisis for capital markets and the investment management industry. It is based on a survey of the global CFA Institute membership, conducted in March 2021.
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