Washington Report 360 | December 9, 2022
Climate Risk, SEC, Crypto Risk, Supervisory Authority
Key Highlights
1
Climate Risk. FRB proposes principles for climate-related financial risk management (see KPMG Regulatory Alert, here); BCBS FAQs clarify how climate risks may be captured in the existing Basel framework.
2
SEC. Schedules an open meeting to consider multiple rule proposals, including insider trading, order of execution, order competition, minimum pricing increments, and best execution (scheduled December 14); Reopens comment period for Share Repurchase Disclosure Modernization rule proposal (see KPMG Regulatory Alert, here)
3
Crypto Risk. SEC issues a sample letter to companies regarding developments in crypto assets markets (see KPMG Regulatory Alert, here).
4
Supervisory Authority. CFPB issues a notice of intent to make multi-state preemption determinations with respect to Truth-in-Lending Act provisions.
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Industry news headlines
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- U.S. Bank Regulators' Climate Push About Mitigating Risk, Not Steering Policy, Official Says (WSJ)
- SEC to Float Proposals to Get Small Investors Better Prices on Stock Trades (WSJ)
- The need for nonbank regulation is a consensus issue for the Fed (American Banker)
- SEC Faces Calls to Boost Crypto-Exchange Enforcement After FTX Collapse (WSJ)
- SEC Asks Public Companies For More Information About Crypto Exposure (WSJ)
- SEC Presses Firms to Disclose Exposure to Crypto Bankruptcies (Bloomberg)
- Recession In US 'Not Inevitable': Yellen (Barrons)
