Insight

Washington Report 360 | April 23, 2021

Treasury is implementing a new climate policy strategy ; FTC pursuing new legislation allowing it to seek monetary relief for harmed consumers

Amy S. Matsuo

Amy S. Matsuo

ESG and Regulatory Insights Lead, KPMG LLP

Key Highlights

  • Treasury is implementing a new climate policy strategy that includes formation of a Climate Hub and appointment of a Climate Counselor that will report directly to the Treasury Secretary.
  • Treasury is turning the Administration’s “whole of government” approach to climate change into a “whole of economy” approach, including economic/tax incentives to promote “green infrastructure” (electricity) in the US and abroad and steps to develop “reliable, consistent, and comparable disclosures” and new approaches to risk assessments.
  • FTC is pursuing new legislation that will allow it to seek monetary relief for harmed consumers following a Supreme Court decision.

Financial services regulatory and policy news

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Insurance

  • NAIC:
  • Conducted its week-long 2021 International Fellows Program with 122 participating regulators
  • IAIS:
  • Conducted a Public Dialogue on the role of insurance in achieving Sustainable Development Goals

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