Washington Report 360 | April 16, 2021

SEC Chair confirmed; SEC found deficiencies and weaknesses in ESG-related investing; BIS reports set foundation for measuring ESG financial risks

Amy S. Matsuo

Amy S. Matsuo

Principal and National Leader, Regulatory Insights, KPMG US

+1 919-244-0266

Key Highlights

  • U.S. Senate confirms Gary Gensler as SEC Chair
  • The SEC’s Division of Enforcement highlights compliance and control deficiencies and weaknesses found examining firms’ ESG-related investing activities; ESG claims must align with ESG practices.
  • Based Committee reports set foundation for determining how to measure and mitigate climate-related financial risks within the Basel Framework.

Financial services regulatory and policy news



Capital Markets

  • SEC:
  • Issued a risk alert on Division of Examination findings from reviews of ESG investing; related statement
  • Published a Commissioner’s dissenting view on global ESG metrics
  • Released a public statement seeking comment on a revised Token Safe Harbor proposal, which provides certain network developers temporary registration exemptions
  • CFTC:
  • Extended certain no-action relief related to COVID-19
  • FINRA:
  • Reminded members about options account approval, supervision, and margin requirements
  • Released FAQs on margin balancing reporting



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