Regulation
Regulator Calls on UK Trustees to Prepare for Next Bond Market Meltdown
The Pensions Regulator wants LDI-driven plans to be ready if yields suddenly jump like they did in September.
Goldman Sachs Agrees to Pay $4 Million to SEC for ESG Violations
The investment bank agreed to the penalty and a cease-and-desist order without admitting fault for allegedly violating their ESG research policies.
Federal Reserve Proposes Climate Risk Framework for Large Financial Institutions
The framework is essentially the same as those proposed by the OCC and FDIC and calls on large financial institutions to account for climate-related physical and transitional risks in its business strategy.
Congressional Republicans Take Aim at SEC Climate Disclosure
Three bills have been proposed since late September which seek to limit or prevent the SEC’s ability to require climate change-related disclosure.
Mid-Terms Could Lead to More Regulation than Legislation
Republicans winning control of the House could force the Biden Administration to rely even more on regulations.
Dell Agrees to $1 Billion Class Action Payout
Settlement could become one of the Top 20 all-time shareholder-related settlements.
Ohio Teamsters Local Union Receives PBGC Assistance.
The PBGC provided about $85 million to the union pension fund that was bordering on insolvency.
Final DOL Rule Permits ESG in ERISA Plans
The DOL published a final rule that makes it easier for sponsors to take ESG factors into account in investments and shareholder activism, reversing a Trump-era rule.
DOL’s Releases Final ESG Rule for ERISA Plans
Plan sponsors can consider climate and other ESG factors when selecting investments and voting proxies.
S&P Global Settles SEC Conflict of Interest Charges
Ratings agency agrees to $2.5 million fine over charges its sales and marketing team influenced analytics.
SEC Rakes in Record $6.44 Billion in Penalties, Disgorgement in Fiscal 2022
Whistleblower program doles out $229 million.
SEC Seminar Provides Additional Clarity on Marketing Rule
A seminar hosted by the SEC today discussed some of the applications of the new rule and the expectations of the SEC.
Republican Senators Escalate Warnings to ESG Actors
New warnings of investigations and hearings for ESG actors arrive from Republican Senators.
Canadian Pension Giant Aims to Close Net-Zero Reality Gap
CPPIB releases framework to help companies meet net-zero goals using reliable data and disclosures.