Regulation
Republican Spending Bill Would Cut SEC Budget, Block Market Structure Proposals
The legislation would also cut spending by the SEC and the IRS, targeting the agencies’ enforcement budgets.
Tag: Climate Risk
Regulation
SEC’s ESG and Climate Task Force Levies First Enforcement Action
Brazilian mining firm Vale SA fined $56 million for fraud that led to fatal 2019 dam collapse.
Risk
What Risks Worry Financial Pros the Most?
The market’s course is their chief anxiety producer, a Bloomberg survey finds.
Regulation
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.
Regulation
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.
Risk
Australia’s HESTA Accused of Greenwashing
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.
Regulation
European Pension Regulator Launches Climate Risk Stress Test for 2022
The regulator imagines what will be the effects of a climate shock to pension funds’ balance sheets.
Asset Allocation
Insurance Firms Seek Out Sustainable Investments for Higher Yields
A report finds climate change and a low-return environment are spurring ESG investing among insurers.
Climate Stress Tests Help Gauge Financial Sector Risk Exposure
S&P says it is increasingly using environmental data in its credit rating analyses.
Risk
GAO Says US Gov’t Retirement Plan Vulnerable to Climate Risk
Its report recommends the Thrift Savings Plan be evaluated for its exposure to climate change risks.
Climate Risk Among SEC’s 2021 Compliance Priorities
The securities regulator will review whether companies’ practices actually match what they report.
Asset Management Culture
Fighting Climate Risk More Popular in Finance Industry Boardrooms, Survey Says
In GARP poll, 90% of boards were involved in sustainability efforts.
Asset Allocation
Op-Ed: Why CIOs Should Engage on Climate and Take Action
Thousands of CIOs are currently assessing the climate risks of their portfolios as the March 31 reporting deadline for the UN PRI approaches.
Fiduciary Responsibility, Climate Change Bids Investors into Action
Risks to future investments cause new developments in ESG investment models.
Sustainability Groups “Converge on Climate Risk” with G20 Task Force Recommendations
Paper reveals how corporations can adopt transparency around extreme weather events.