In its 2022 Annual Report, the Financial Stability Oversight Council offered recommendations touching on (i) digital assets, (ii) climate-related financial risks, (iii) investment fund disclosure, (iv) Treasury markets, (v) cybersecurity and (vi) LIBOR transitions.
News & Insights
In a new report, the Congressional Research Service provided an in-depth analysis of the SEC's approach towards climate-related financial risk disclosures.
In a report on climate-related financial risk, the Financial Stability Oversight Council identified climate change as an emerging and increasing threat to U.S. financial stability.
The Congressional Research Service reviewed the SEC's current guidance on climate change risk disclosures, the application of SEC criteria for the "materiality" standard on disclosures, current SEC efforts to address climate-related impacts on global supply chain risks, and SEC related environmental, social and governance regulations.
The President's Working Group on Financial Markets reviewed money market fund performance during the COVID-19 pandemic and provided a number of "potential policy measures to increase the resilience of prime and tax-exempt money market funds."