Papers

2017

February

Submission to Public Consultation on Task Force on Climate-Related Financial Disclosures (TCFD)

2015

April

Response to UK Department for Work & Pensions

From Fiduciary Duty Working Group & specific supporting individuals of the Network for Sustainable Financial Markets – hearty thanks to Keith L. Johnson, Dr Frank Jan de Graaf and Keith Ambachtsheer for spearheading this effort and to all of you who contributed your thoughts & considerations.

February

CO2 Tax and Refund Concept White Paper

From Taxation and Investing Working Group & specific supporting individuals of the Network for Sustainable Financial Markets

January

Final response to Japan's Corporate Governance Code

From Japan Working Group & specific supporting individuals of the Network for Sustainable Financial Markets – hearty thanks to Nicholas Benes, Julie Gorte and Simon Wong for spearheading this effort and to all of you who contributed your thoughts & considerations.

2014

September

Letter to the UNEP Inquiry for a Sustainble Financial System

Special thanks to Joakim Sandberg, Angelo Calvello, Stephen Viederman, Keith Johnson and Marcy Murninghan for their assistance, advice and comments in the process of drafting and finalizing this letter to the Inquiry.

February

Final Response to Japan's Stewardship Code

With great thanks to Frank Jan de Graaf and Keith Johnson, please find within this link, the SFM comment letter on Japan’s Stewardship Code as signed by specific Participants.

January

Response to UK Law Commission on Fiduciary Duty

From Fiduciary Duty Working Group & specific supporting individuals of the Network for Sustainable Financial Markets – hearty thanks to Keith L. Johnson and Dr Frank Jan de Graaf for spearheading this effort and to all of you who contributed your thoughts & considerations.

2013

December

Response to Japan’s METI on the Favourable Relationship between Companies and Investors

With great thanks to Frank Jan de Graaf and Keith Johnson, please find within this link,  the SFM comment letter to Japan’s METI on the Favourable Relationships between Companies and Investors as signed by specific Participants and others outside of the Network.

Comments on the Proposed Dodd-Frank Act Pay Ratio Disclosure Rule - File Number S7-07-13

With great thanks to Mark Van Clieaf and Keith Johnson, please find within this link  the SFM comment letter to the SEC on the Dodd-Frank Act Pay Ratio Disclosure Rule as signed by specific Participants and others outside of the Network

July

Response to Sustainability Accounting Standards Board (SASB) Request for Comment on Conceptual Framework

From specific supporting individuals of the Network for Sustainable Financial Markets – hearty thanks to Cary Krosinsky, Keith L. Johnson, Mark Van Clieaf, and Alan Willis for spearheading this effort and to all of you who contributed your thoughts & considerations.

Response to UK Law Commission on Fiduciary Duty

From Fiduciary Duty Working Group & specific supporting individuals of the Network for Sustainable Financial Markets – hearty thanks to Keith L. Johnson and Dr Frank Jan de Graaf for spearheading this effort and to all of you who contributed your thoughts & considerations.

June

Response to EU Green Paper on Long-Term Financing

From the Climate Bonds Initiative & specific supporting individuals of the Network for Sustainable Financial Markets – hearty thanks to Sean Kidney for spearheading this effort and to all of you who contributed your thoughts & considerations.

May

Response to OECD Draft High-Level Principles of Long-Time Investment Financing

From the Climate Bonds Initiative & specific supporting individuals of the Network for Sustainable Financial Markets – hearty thanks to Sean Kidney for spearheading this effort and to all of you who contributed your thoughts & considerations.

March

SFM White Paper - The State of Ownership 2013

A recent report suggested that US$13.6T is invested globally with sustainability in mind.

However, when parsing this number out, a much smaller percentage of portfolios are managed specifically in this regard, closer to US$1.5T in total.

Download our White Paper for more insights on what really is or isn’t happening within the world of sustainability & investing.

2012

December

No Exemption: The Financial Transaction Tax and Pension Funds

The report by three international pension and financial experts argues that pensions should not be exempt from the Financial Transaction Tax which is due to be introduced next year in at least twelve European countries, including the big economies of Germany, France, Italy and Spain. The experts warn that if pension funds are exempt others would exploit the loophole reducing the revenue raised and the FTT’s ability to contribute to a more stable, less short-term focused market.

September

Draft Revisions to the Corporate Governance Guideline

The response to draft revisions to the Corporate Governance Guideline of Office of the Superintendent of Financial Institutions (OSFI) in Canada prepared by SFM members, Prof Keith Ambachtsheer, Mark Van Clief, and Prof Edward Waitzer.

2011

The Kay Review of UK Equity Markets and Long-Term Decision Making Interim Report was released at the end of February 2012. NSFM Director Keith Johnson is mentioned on p44!

Read NSFM’s initial submission to the review here.

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2010

NSFM Wealth Management Industry report provides blueprint for reform - “Wealth Management in a Post-GFC World – Promoting best practice, innovation & sustainable outcomes for industry, consumers & society”.

Download the report here.

The landmark report provides a blueprint for addressing market scandals and structural failings which continue to plague the multi-trillion dollar global wealth management industry.

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2009

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.

Third Consultation Paper: Addressing Sell-Side Conflicts by Michael Mainelli, Jamie Stevenson & Raj Thamotheram

This paper analyzes various types of conflicts of interest by sell-side securities analysts, and proposes three specific reforms to address those conflicts.