SEC Investor Advocate Rick A. Fleming urged NASDAQ and the NYSE to revise their listing standards so that business combinations could only be consummated for SPACs when 50 percent or more of public shares are invested in the SPAC post-combination.
SEC Chair Gary Gensler and Treasury Under Secretary Nellie Liang commented on potential changes to Treasury market oversight at the U.S. Treasury Market Conference.
The Treasury Department Office of Financial Research, SEC staff and Federal Reserve Board staff updated the Financial Stability Oversight Council on pandemic and climate-related risks to the financial system.
The U.S. Senate Financial Services Committee considered five bills, which would mandate that regulated entities disclose "diversity data".
SIFMA, IIB, ISDA, and FIA recommended changes to CFTC-proposed cross-border regulations concerning registration thresholds and certain requirements applicable to swap dealers and major swap participants.