"Regulation" Posts
Crypto-pumps: the widespread pump-and-dumps schemes in cryptocurrencies

Crypto-pumps: the widespread pump-and-dumps schemes in cryptocurrencies

Pump-and-dump are ubiquitous in crypto currencies. The schemes are well organized online groups, acting for the explicit purpose of manipulating currencies.
Organizers are front-running their groups and make great returns for themselves, so why would other participate? For hubris and gambling fever, say academics.
Regulators are absent, and the situation will deteriorate. This is the long-form review of this Far West of modern ages.

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Volmageddon, miscalculation, new regulation?

Volmageddon, miscalculation, new regulation?

On February 5th, 2018 (Volmageddon) the volatility reverse ETF XIV lost 96% of its value in the space of a few hours. Its iNAV was also miscalculated for an hour.
We have now discovered why: S&P Dow Jones was understaffed and did not release an ‘auto hold’ safety.
This human error contributes to current debate on the need to regulate index providers as investment advisors.

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Previous Posts

Fighting inflation: Finance professor says budgeting is key

Dr. William Procasky, Navesink International’s credit and derivatives expert, was recently interviewed by Kill-TV in Corpus Christi, TX on the subject of inflation.

Ship wreck

The Russian Economy Is Tanking

Russian economic statistics are not reliable anymore, but Yale academics have recalculated key metrics. The result is clear. The economic sanctions are crushing the Russian economy.
Based on that research, Foreign Policy journalists are debunking nine key propaganda myths about Russia’s economic strength.

Falling dominoes

More crypto dominoes are falling

Voyager Digital, the crypto execution broker, has just filed for bankruptcy.
Add this failure to the list of cascading failures in the digital space.
Unfortunately, with no regulation and capital buffers, more dominoes will fall, and with little recourse for the other players.

The Intercontinental Shanghai Wonderland Hotel

Shimao follows Evergrande into default

Shimao Group, another large Chinese real estate developer, has followed Evergrande in bankruptcy after failing to make a bond payment.
The Chinese real estate bubble is bursting, and more pain will follow.

BTCUSD 20220620

Crypto systemic risk

A systemic effect is currently unfolding in the digital space. Stable coins have been hit, then coins, then lenders, then hedge funds and now crypto exchanges. Unfortunately, the lack of regulation, of regulator, of risk constraint, or even capital buffer will make the fall even more painful.

Raphael Douady

Top French quant: Best mathematicians are in France, or Russia

Should data science be a area of mathematics or a science by itself? Raphael Douady, a prized financial market academic, contends that it is a science in itself, and that French and Russian mathematicians ranks among the best.

Allianz

Allianz Fund Collapse Ends With Guilty Plea, $5.8 Billion Payout

Allianz Structured Alpha funds lost $7 billion of investor money in March 2020.
Gregoire Tournant, the portfolio manager, has been arrested.
The firm pleads guilty and will pay $5.8 in fines and restitutions.

1926-Ford-Model-T

Panel Ponzi Prison – Epilogue

Follow-up to the Solar panel lending Ponzi: the CFO got his own 6 years in the clink.
Les bénéfices ça se divise, la réclusion ça s’additionne.

What statisics say about hedge fund fraud and tsarist regimes

Alternatives are complex and opaque. requiring both investment and operational due diligence.
New technologies now permit investment analysis, fraud detection, and operational risk measurement.

Barclay

Barclay’s $600 m ETN blunder

Barclays has announced a loss of GBP 450m related to the sale suspension of OIL and VXX two weeks ago. The operational blunder is impressive.

Old_Cemetary_450

RIP, Russian stocks

MSCI is removing the Russian stock index at zero, implicitly valuing the entire Russian equity market at nil. And it is correct.
Russian stocks are literally worth nothing.

Russian_Yachts

Credit Suisse destroys evidence of oligarch yacht loans

Credit Suisse is taking advantage of the situation in Ukraine to eliminate evidence related to the Russian oligarchs’ tax evasion (money laundering?).

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