Jeff Diermeier, CFA, to current market, along with the years and to provide some investors’ interests, maintain
retire at the end of 2008 library of constantly updated insight into whether this confi dence in the UCITS
Jeff Diermeier, CFA, is to retire information that helps you performance is sustainable. brand and to ensure the
as president and CEO of CFA stay current and competitive. For more information visit: integrity of retail investment
Institute at the end of this year. Visit www.cfainstitute.org/ www.cfainstitute.org/ funds within the EU. To read
Through Jeff’s guidance and memresources/ for more memresources/conferences/ the response, go to:
direction, CFA Institute information. executive_ed.html www.cfainstitute.org/centre/
membership has increased to topics/comment/2008/
more than 98,000 members, CFA Institute makes the pdf/081017.pdf
new candidate registrations investment professional’s
CFA INSTITUTE
have nearly doubled to voice heard
CENTRE
Invitation from the
175,000 and our global reach CFA Institute has been active Treasury Select
has expanded to 136 member in engaging with stakeholders Fair value debate - letter Committee
societies in 57 countries.
during the crisis. A summary
to President Nicolas In reaction to the active role
of recent polls and actions
Sarkozy played by the CFA Institute
can be found at www.
Following news at the Centre in the fair value debate,
cfainstitute.org/aboutus/
beginning of October that the Charles Cronin, head of CFA
press/release/index.html.
banking lobby had successfully Institute Centre, EMEA, has
Highlights include media
persuaded President Sarkozy of been invited to give evidence to
coverage in the Financial
France and the European Union the Treasury Select Committee
Times, Euromoney, Financial
to force measures to suspend on November 11, regarding
News and The Times.
fair value accounting, the CFA accountancy issues that have
Centre took an active role in the arisen during the fi nancial crisis.
EDUCATION
drafting, dispatching and
circulation of a letter to the
president asking him to
Since the beginning of 2008, reconsider this option. This was
CFA Institute has signed 13 followed by coalition building
CFA Program Partner and outreach to new
agreements with universities organisations and meetings with
in Europe, including fi ve in the European Commission.
the UK and Ireland. The Read the letter at:
Jeff Diermier, CFA
University of Edinburgh, www.cfainstitute.org/centre/
Durham Business School, topics/comment/2008/
Manchester Business School, pdf/081002.pdf
Charles Cronin
MEMBERSHIP
Trinity College, Dublin and
University College Dublin Risk management EC declaration on
Supporting members School of Business. The latest comment letter - CESR amendments to IAS 39
In order to support our partner is Universidade The Centre responded to The Centre penned two
members during these diffi cult Católica Portuguesa in Committee of European letters regarding International
times, CFA Institute has added Lisbon, which has become Securities Regulators’ (CESR) Accounting Standards
educational and career the fi rst University Program consultation on Risk Statement no 39, expressing
resources to the member Partner in Portugal. Management Principles for its strong reservation about
resources web page on the CFA Our strengthened UCITS (an EU directive that any possible intervention
Institute website. Here, our executive education establishes the framework for from the European regulatory
members have access to career programme has many retail investment funds). The or legislative institutions that
coaches, CV advice, interesting events in 2009. Centre supports the proposals could result in further
networking assistance and March sees a hedge fund to create a formalised risk amendments to the current
global career-development programme, in conjunction management framework for language of IAS 39. For
events. There is an interactive with London Business UCITS funds. A transparent, further information please go
job board and a selection of School, which seeks to robust framework for to: www.cfainstitute.org/
educational materials that explain why hedge funds have managing risks is of key centre/topics/comment/
address trends and issues in the been so attractive in recent importance to protect 2008/
46 WINTER 2008/09
46-48 CFAI report.indd 48 27/11/08 15:58:04
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