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Climate Risk
US Banks Threaten to Quit GFANZ Over Legal Risks
By Editors | 26/09/2022
JPMorgan, BofA and Morgan Stanley are concerned about being sued over increasingly stringent decarbonisation commitments.
Emerging Prudential Risks
US Banks Pledge to Take Government’s Lead on Taiwan Issue
By Editors | 26/09/2022
JPMorgan Chase, Bank of America and Citigroup would exit China if so ordered by the US government in response to an attack on Taiwan.
Climate Risk
NYC Comptroller Calls Out BlackRock on Climate
By ESG Investor | 26/09/2022
New York City Comptroller is calling for BlackRock to better align its investment activities with its climate commitments.
Data Privacy
US SEC Fines Morgan Stanley Unit for Not Protecting Customer Data
By Manesh Samtani | 24/09/2022
A moving and storage company hired by Morgan Stanley’s wealth management division sold thousands of devices containing customer information to a third party.
Custody & Infrastructure
US SEC Accounting Guidance Disrupts Banks Crypto Projects
By Mark Johnston | 24/09/2022
Accounting guidance issued in March has reportedly forced US listed banks that were building out crypto offerings to suspend their plans.
Cybersecurity
DTCC Warns of Risks from Quantum Computing Technology
By Editors | 23/09/2022
DTCC outlines steps firms should take to prepare for the emergence of new post-quantum cryptography standards. Final standards are scheduled for 2024.
Trading & Investment
Tokyo, New York Bourses to Promote Cross-border Investment
By Editors | 23/09/2022
The NYSE and TSE will collaborate on product development, marketing, information sharing, and the use of digital technologies in market operations.
Structural Regulation
Chinese Officials in Hong Kong to Assist With PCAOB Inspections
By Editors | 23/09/2022
PCAOB inspectors have been in Hong Kong this week to commence audit inspections of US-listed Chinese companies at PwC and KPMG’s offices.
Reporting & Disclosures
More S&P 500 Firms Disclosing in Line with TCFD – CDP
By ESG Investor | 22/09/2022
Over half of S&P 500 firms assessed by CDP are 90-99% aligned with the TCFD key recommendations.
Climate Risk
US Banks “Ignoring Climate Emergency” – Reclaim Finance
By ESG Investor | 22/09/2022
Reclaim Finance calls on US banks to “immediately complement their net zero pledges with real action and implement robust coal policies”.
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