Leading ESG Disclosure Standard-Setters to Merge, Publish Prototype Requirements
In response to the worldwide call by investors and regulators for disclosure of environmental, social and governance—as well as climate-specific—information,...
Newsbytes
OCC’s Hsu: Climate Risk Management Guidance Expected by Year-End
Acting Comptroller of the Currency Michael Hsu signaled that his agency is working to develop “high-level climate risk management supervisory...
New Orders for Manufactured Goods Increase in September
New orders for manufactured goods in September, up sixteen of the last seventeen months, increased $1.3 billion or 0.2% to...
Survey: Banks Continue to Offer More Products Favorable for Older Customers
As older Americans—those born before 1965—hold 65% of deposit balances in the U.S., banks have continued to offer more products...
ISM: Service Sector Grows in October
The ISM Services Index registered 66.7% in October; 4.8 percentage points higher than the September reading of 61.9%. This reading...
ADP: 571,000 Jobs Gained in October
The non-farm private sector gained 571,000 jobs in October, according to the ADP National Employment Report. This follows a revised...
ABA Emphasizes Need for Consumer Protection on Fintech ‘Buy Now, Pay Later’ Products
In a statement for the record submitted for a House Financial Services Fintech Task Force roundtable on “buy now, pay...
FSB Provides Update on Efforts to Enhance ‘Shadow Banking’ Resilience
The Financial Stability Board this week provided an update on its efforts to enhance the resilience of the nonbank financial...
FDIC Creates New Office to Support Mission-Driven Banks
The FDIC announced today that it is creating a new office to support its engagement with mission-driven banks, including minority...
ABA, Trade Groups Call for Legislation to Address ‘Tough Legacy’ Contracts
With several tenors of Libor scheduled to sunset at the end of the year and the remainder in June 2023,...
