Chief Investment Officer (March 26)
“The new leadership at the Securities and Exchange Commission (SEC) continues to make environmental, social, and governance (ESG) investing one of its top priorities. And now, the commission has launched a new webpage to provide information on ESG-related investing and agency actions…. The SEC is asking its staff to evaluate disclosure rules with an eye on facilitating the disclosure of ‘consistent, comparable, and reliable information on climate change.’”
Tags: Comparable, Consistent, Disclosure, ESG, Evaluate, Investing, Leadership, Priorities, Reliable, Rules, SEC, Webpage
Reuters (February 15)
“Brexit-supporting City figures hoping for a regulatory bonfire seem likely to be disappointed…. The BoE’s first deviation from EU law was to make the rules tighter, not looser. The supervisor also recently ruled out a big capital reduction for insurers. London may end up being smaller, but at least it will be safer.”
Tags: BOE, Brexit, Capital reduction, Deviation, Disappointed, EU law, Insurers, London, Looser, Regulatory, Rules, Safer, Smaller, Supervisor, Tighter
The Street (December 1)
To promote diversity and better governance, Nasdaq has proposed new rules that “would require companies to appoint at least two diverse directors on their boards or explain their rationale for not meeting that objective.” Before submitting its proposal to the SEC, Nasdaq analyzed over “two dozen studies that found an association between diverse boards and better financial performance and corporate governance.”
Tags: Boards, Directors, Diversity, Explain, Governance, Nasdaq, Performance, Rationale, Rules, SEC
Wall Street Journal (April 23)
“As U.S.-China tensions increase, the chance of a miscalculation grows,” especially in the South China Sea. “China’s recent behavior has badly damaged its claims to be a global stakeholder that plays by the rules. The U.S. is right to make clear that it remains a Pacific power and that the coronavirus hasn’t lessened its resolve.”
Tags: Behavior, China, Claims, Coronavirus, Miscalculation, Pacific, Resolve, Rules, South China Sea, Tensions, U.S.
The Economist (March 2)
“Japan’s plan to let in more low-skilled migrants is half-baked. The rules are too woolly and too onerous, and support for new arrivals too scant.”
Tags: Half-baked, Japan, Low-skilled, Migrants, Onerous, Plan, Rules
Financial Times (March 8)
“The best trade agreement for the City of London with Europe is the one it has now. EU membership gives the UK unfettered access to a huge market and a voice in making its rules. The results of the Brexit referendum makes this happy situation unlikely to continue. Britain must therefore decide how to protect one of its vital industries.”
Tags: Access, Brexit, City of London, EU membership, Europe, Market, Rules, Trade agreement, UK
Institutional Investor (December 1)
“Next year’s first review of Europe’s Solvency II regulations has given fund managers and consultants a platform to voice their concerns.” Though “most asset managers agree that the rules have enhances insurers’ understanding of investment portfolio risk” many also feel that the “policymakers mispriced asset risks” leading to unintended consequences. In particular, restrictions that “effectively ruled out some assets which could have provided higher, albeit riskier, returns” have proven particularly odious for annuities.
Tags: Asset managers, Asset risk, Europe, Fund managers, Insurers, Investment, Mispriced, Policymakers, Portfolio risk, Regulations, Restrictions Annuities, Rules, Solvency II
LA Times (December 17)
‘’Uber built its business by challenging regulators and entrenched assumptions about how best to assure public safety. It successfully evaded the strict local rules that the taxi industry faces on fares, licenses and driver background checks by arguing that smartphone-summoned rides were different from taxis and should be regulated under new state standards. It has also avoided a variety of mandates on employers by classifying its drivers as independent contractors, not employees.” But when it comes to testing driverless vehicles on California roads, the technology company should play be the rules.
Tags: ” Driverless vehicles, Assumptions, California, Contractors, Drivers, Employees, Employers, Fares, Licenses, Mandates, Public safety, Regulators, Rules, Smartphone, Taxi industry, Uber
Washington Post (September 16)
“In the era of cyberwarfare that’s now dawning, the rules of the game haven’t yet been established…. That’s why this period of Russian-American relations is so tricky. The strategic framework that could provide stability hasn’t been set,” but with recent encroachments “Russian hackers appear to be pushing the limits.”
Tags: Cyberwarfare, Hackers, Limits, Rules, Russia, Stability, Strategic framework, U.S.
Bloomberg (August 30)
“The European Commission’s decision to impose a tax bill of 13 billion euros ($14.5 billion) on Apple is unjust and unnecessary. And the harm is not confined to a single company: The ruling has cast a cloud of uncertainty over Europe’s corporate-tax rules, potentially affecting all multinational investors.”
Tags: Apple, Corporate tax, European Commission, Investors, Rules, Ruling, Tax bill, Uncertainty, Unjust
