#12 Excellent company with a lot of good writers and interesting books.
Op-ed by Norm Champ published in The Hill – February 13, 2017
Op-Ed by Norm Champ published in the Wall Street Journal – June 28, 2016
Yesterday the Wall Street Journal launched a new product called WSJ Pro Financial Regulation devoted to covering all of the activity in this space. WSJ reporter Andrew Ackerman had one of the first pieces on the new service discussing how the SEC’s current complement of three Commissioners could lead to paralysis at the agency. Agency action requires a quorum of three so any one Commissioner can stop something by not showing up at a meeting. Apparently this has never happened before but you never know in the divided Washington of today. Read more
Article written by Norm Champ published in Fund Board Views – December 4, 2015
Op-Ed by Norm Champ published in the Wall Street Journal – November 22, 2015
Yesterday Comptroller of the Currency Thomas Curry said that he is concerned that auto loans are showing signs of the frenzy seen in housing loans before the 2008 financial crisis. He is right to be worried about auto loans but he misses the reason why. The surge in auto sales and loans to finance them is not, as the Comptroller says, an issue that needs more regulatory attention. It is instead an easily foreseeable outgrowth of the Federal Reserve’s failed policy of near zero interest rates. Read more
Hillary Clinton’s email practices as Secretary of State have cost her dearly in the polls as voters now view her as untrustworthy for her shifting explanations of her conduct but her predicament is more about a failure of leadership while she had the top job at State. A leader must observe those around her closely and tailor her actions to reflect their concerns, otherwise no one will follow. By ignoring what federal employees go through every day with regard to email management, Secretary Clinton violated this fundamental tenet of leadership.
The revelation that the data lost by the Office of Personnel Management in hacking incidents last year included most background check forms on federal employees since 2000 demonstrates how ill-equipped government is to operate in a world that requires expertise in technology and the ability to manage effectively. For anyone who has been a federal employee, the revelations of OPM’s failure to safeguard its data and its incredibly slow response to this data breach come as no surprise.
Friday I attended a conference on “The Role of the SEC in a Changing World” at the Center for Strategic & International Studies in Washington put on by the Hills Program on Governance. The conference was co-sponsored by the Center for Business Ethics Research at Penn’s Wharton School and The American Assembly at Columbia University.
About Norm Champ
Norm Champ is the former Director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC). He joined Kirkland & Ellis LLP Investment Funds Group as a partner in February 2016. Mr. Champ is also a lecturer on investment management at Harvard Law School. He coined the term Compliance Calculus, a methodology financial services firms can use when developing their compliance programs. Before joining the SEC in 2010, Mr. Champ was Executive Vice President and General Counsel of Chilton Investment Company, an investment adviser to long/short equity hedge funds and managed accounts. Mr. Champ has an A.B., summa cum laude, in History from Princeton University and a J.D., cum laude, from Harvard Law School. He was a Fulbright Scholar at King’s College London where he received his M.A. in War Studies. Prior to joining Chilton in 1999, Mr. Champ was with the law firm of Davis Polk & Wardwell. Read More