On May 6, 2021, SEC Chair Gary Gensler participated in his first Congressional hearing, before the House Committee on Financial Services, joined by Robert Cook, President and CEO of FINRA and Michael C. Bodson, the CEO of The Depository Trust & Clearing Corporation. This was the third hearing for the House Financial Services Committee on issues related to the January 2021 market events associated with trading in GameStop; however, Committee members did not limit themselves to the topic at hand.
We ask our Women Partners and Leaders from the industry what they enjoy most about working in Financial Institutions and what they think are the biggest challenges facing women in 2021.
The U.S. Securities and Exchange Commission’s Division of Examinations (Exams) recently issued a Risk Alert discussing observations from recent examinations on how investment advisers, registered investment companies, and hedge funds approach environmental, social, and governance (ESG) investing.
The Draft Law aims to replace it with a set of refreshed rules addressing the current challenges. We summarize the features of the Draft Law compared to the current regime.
On 12 November 2020, the Ukrainian Parliament published a draft payment services law, that was prepared with the Ukrainian central bank (NBU). Among other things, the draft law would implement a regulatory framework for “open banking” similar to the EU’s PSD2 (Directive 2015/2366).
Under both SEC and state rules, employee political contributions can create conflicts of interest for managers that market to public pension plan clients. Both the SEC and state regulators vigorously enforce these rules during and immediately after elections.