SEC Commissioner Hester M. Peirce warned that, if adopted, the SEC's rulemaking on climate-related risk disclosure would (i) interfere with corporate decision-making in an inflexible way that fails to consider differences between companies, (ii) over-emphasize climate risks and (iii) confuse investors.
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The SEC Division of Corporation Finance urged issuers with exposure to crypto-asset markets to evaluate and update their current disclosures to give investors "specific, tailored disclosure about market events and conditions, the company’s situation in relation to those events and conditions," and potential impacts.
Senator Elizabeth Warren (D-MA) and Senator Tina Smith (D-MN) asked U.S. banking regulators to provide information on banks' relationships with cryptocurrency firms and how each regulator assesses banks' exposure to cryptocurrency-related risks.
SIFMA urged the SEC to disapprove a FINRA proposal to amend arbitration procedures to impose additional requirements for expunging customer dispute information.
Comments on the Federal Reserve Board's draft "Principles for Climate-Related Financial Risk Management for Large Financial Institutions" are due by February 6, 2023.