Because existing disclosure and reporting regimes are comprehensive, sufficient and effective, no revisions or additions are necessary to the department’s regulatory requirements governing benchmark requirements and fee disclosures, ABA said.
The Department of Labor finalized a new rule regarding environmental, social and governance investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.
ABA to DOL: ERISA affords retirement savings sufficient protections from climate-related financial risk
In a comment letter responding to a Labor Department request for information, ABA said it is not necessary for the agency to take any regulatory action related to climate-related financial risk or other risks associated with climate change.
The American Bankers Association thanked the Department of Labor for deferring regulatory action on the Schedule H reforms proposed by the department in its recently finalized revisions to Form 5500,
In a letter to the Department of Labor this week, ABA and several financial and retirement trade groups requested that the DOL withdraw regulatory guidance that intends to discourage plan investment options in cryptocurrencies and other digital assets.
The American Bankers Association today wrote to the Department of Labor in support of the agency’s revisions to its investment duties regulation that include consideration of environmental, social, and governance investment factors and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.
The American Bankers Association today urged the Department of Labor to delay proposed changes to Form 5500, which reports annual information about the operation, funding, assets and investments of pensions and other employee benefit plans.
The Department of Labor today issued a proposed rule regarding the environmental, social or governance investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.
The Department of Labor on Tuesday released frequently asked questions for advisers and investors on fiduciary investment advice.