Co-authored with Theresa Hamacher
Earlier this month, President Obama signed into law the Jobs Act, short for Jumpstart Our Business Startups. This Act won bipartisan support because it purports to create jobs by making it easier for small businesses to raise capital. However, the Jobs Act will also significantly loosen the regulatory requirements on hedge funds – whether or not this was the intent of Congress.
If a fund uses derivatives heavily, does it become too complex for the average retail investor? That is the critical question facing the global fund industry right now.
Like many developed nations, Canada continues to refine its retirement system. As part of that effort, the provincial governments will soon authorise a new savings vehicle – Pooled Registered Pension Plans (PRPPs). With the right policy decisions, PRPPs will go a long way towards increasing retirement security for millions of Canadians.
Canada already has a sophisticated retirement savings system. It has a financially stable public pension programme, and it offers substantial tax benefits to private savings. Even with those incentives, however, less than half of all Canadian workers – highly concentrated in large employers – participate in a private plan.
By Robert Pozen
Published: March 21 2011 16:22 | Last updated: March 21 2011 16:22
The tsunami in Japan and its impact on nuclear plants are truly tragic for the Japanese people. But are there any silver linings in this dark cloud for the depressed Japanese economy? There are three main possibilities. Continue reading
American and British regulators agreed recently to an information-sharing arrangement, which they believe would have helped.
Republicans and Democrats need to settle their differences on 2011 tax rates.
Will the US courts become the policemen for securities transactions throughout the rest of the world? The US courts have recently pulled back from that role, but they may be overruled by the recent financial reform legislation.