Hester Peirce

SEC climate disclosure rules unlikely to be effective, suggests commissioner

With the US Securities and Exchange Commission (SEC) due to publish its final climate disclosure rules in April this year, commissioner Hester Peirce shares her views about its proposed approach in an exclusive interview with Global Risk Regulator.

CFTC’s Johnson calls for greater acquisition oversight powers following FTX collapse

US Commodity Futures Trading Commission (CFTC) commissioner, Kristin Johnson, has called on Congress to give the agency the authority to conduct “due diligence” during the acquisitions of CFTC-registered exchanges or clearing houses.

Federal Reserve Board issues 'level playing field' policy statement, addressing uninsured state banks discrepancy

The Federal Reserve Board (FRB) has published a new policy statement “to promote a level playing field for all banks with a federal supervisor, regardless of deposit insurance status”, prompted by queries from state member banks about undertaking new activities, in areas such as crypto assets.

Nneka Chike-Obi, Fitch Ratings

US ESG backlash: a tide-turning moment?

Anti-ESG sentiment dramatically came to the surface in the US last year with a series of high-profile Republican-led manoeuvres. But how disruptive to the growing ESG tide will this pushback really be? 

US lenders increasingly concerned about regulatory compliance

The pace, scope and volume of regulation and complying with it were revealed to be among the top concerns for US lenders, according to the latest regulatory and risk management survey by information services firm, Wolters Kluwer.

Wary supervisors warn banks over crypto risks

Frauds, scams, legal uncertainties, inaccurate disclosures, contagion risk and extreme volatility are all reasons for banks to be very careful about dabbling in crypto-asset markets, the three federal banking agencies warned in a joint statement.

Kimmo Soramäki

US moves closer to digital dollar, but reservations remain

The US is finally moving towards developing a digital dollar, after years of hesitation and discord. It could speed up payments and slash settlement risk in wholesale markets, but scepticism is still widespread.

OFR proposes more data from opaque segment of US repo market

The largest institutions should submit daily data on all their outstanding non-centrally cleared bilateral repurchase agreement transactions (NCCBR), according to a proposal from the Office of Financial Research (OFR), published on January 5. 

Philip Slavin

Volcker casts long shadow over settlement efficiency

When people think of the Volcker Rule, minds immediately turn to one of the most prominent post-financial crash regulations that aimed to prevent the major investment banks from making high-risk speculative investments. Those rules may have made the financial system safer, but they introduced a host of trading challenges for firms. 

Robert Hockett

Large US regional banks face being hit with G-SIB resolution rules

The Fed and the Federal Deposit Insurance Corporation are mulling stronger living wills for large banks after a bank reportedly hit the skids a year ago.