Section: October 13, 2022 | Vol. 27, Issue 38
The SEC reopened the public comment periods for 11 rulemaking releases and one request for comment “due to a technological error that resulted in a number of public comments submitted through the commission’s internet comment form not being received by the commission.
A senior SEC official strongly endorsed the work of the Independent Oversight Committee (IOC), which reviews compliance by leading proxy advisory firms with a global set of Best Practice Principles (BPP).
Acting FDIC Chairman Martin Gruenberg discussed the financial risks associated with climate change and the impact they may have on the financial system and financial regulation, during an October 3 speech at the American Bankers Association’s annual conference.
House Financial Services Committee Ranking Minority Member Patrick McHenry (R-N.C.) sent a letter to National Security Advisor Jake Sullivan expressing concern about press reports that President Biden may issue an executive order under the International Emergency Economic Powers Act, to regulate “certain [outbound] investment flows to China.”
The SEC’s Acting Chief Accountant Paul Munter issued guidance to auditors that emphasizes the importance of acting with professional care and skepticism amid current changes to the macroeconomic and geopolitical environment in which companies operate.
Several members of the IFRS Advisory Council members criticized the International Sustainability Standards Board (ISSB) for not having a concrete timeline for setting an agenda and questioned why the board is setting priorities for only two years, Bloomberg reports.