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Target Date Funds: Facing Increasing Congressional, Regulatory, and Legal Scrutiny | Morgan Lewis

Target Date Funds: Facing Increasing Congressional, Regulatory, and Legal Scrutiny | Morgan Lewis
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Climate Change Focus Of Tomorrow s FSOC Meeting; Top Biden Administration Policy - Finance and Banking

To print this article, all you need is to be registered or login on Mondaq.com. Tomorrow, Treasury Secretary Janet Yellen will lead a meeting of the Financial Stability Oversight Council (FSOC). The preliminary agenda for the open session includes climate change and its potential impacts on financial stability. Appearing before Congress last week, Secretary Yellen stressed the importance of FSOC and its unique role in coordinating responses to issues like climate change. She specifically noted that climate change is a top priority of the Biden [a]dministration and FSOC can play a role in arranging discussions among financial regulators all of whom have

The SEC Staff Takes On ESG Investing | Morgan Lewis

To embed, copy and paste the code into your website or blog: In the US Securities and Exchange Commission staff’s most recent guidance addressing environmental, social, and governance (ESG) investing, the staff of the Division of Examinations released an April 9 Risk Alert noting observations made during recent examinations of investment advisers and funds (both registered and private) engaged in ESG investing. The Risk Alert[1] highlights certain deficiencies and internal control weaknesses observed by the staff, as well as observations regarding what the staff viewed as effective practices related to the management and oversight of ESG investing activities. The Risk Alert also summarizes certain ESG-related areas on which the Division of Examinations (Examinations) intends to continue to focus in its examinations of investment advisers and funds. In an April 12, 2021, statement, US Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce offered her thoughts on th

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