IOSCO issued recommendations for regulators to improve ESG guidance, disclosures and standards, and for asset managers and ESG information providers to prevent greenwashing.
House Republicans Jim Jordan (R-OH), James Comer (R-KY), Patrick McHenry (R-NC) and Tom Emmer (R-MN) criticized the SEC for "aggressively" enforcing recordkeeping laws on private businesses. The representatives found such enforcement "curious" given the agency's own failures to comply with federal transparency and recordkeeping laws.
The OCC established the Office of Financial Technology to "provide strategic leadership, vision, and perspective for the OCC's financial technology activities and related supervision."
SEC Commissioner Mark T. Uyeda emphasized the need for the SEC to follow standards of due process in creating rules, warning that procedural shortcuts will result in poor rulemaking and challenges under the Administrative Procedures Act.