The American Bankers Association this week urged the Department of Labor to withdraw a proposal that would limit pension fiduciaries’ consideration of environmental, social and governance-related issues when selecting plan investments.
In a comment letter to the Securities Exchange Commission today, the American Bankers Association offered support for a recent proposal to update and codify existing guidance and views on determining fair value in good faith for mutual fund investments.
In a letter to the OCC yesterday, the American Bankers Association offered support for guidance issued by the agency in March aimed at providing additional flexibility to the rules governing short-term investment funds—bank-managed funds for fiduciary clients that are similar to money market mutual funds.
The Office of the Comptroller of the Currency has adopted an interim final rule, effective immediately, to revise its short-term investment fund rule for national banks acting in a fiduciary capacity.
In a comment letter to the FDIC on Monday, the American Bankers Association offered support for the Securities and Exchange Commission’s proposal to amend the definition of “accredited investor” under Regulation D and “qualified institutional buyer” definition under Rule 144A.