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Lawmakers tussle over GOP efforts to thwart ESG investing
  + stars: | 2023-07-12 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +4 min
WASHINGTON — House lawmakers clashed Wednesday over federally mandated environmental, social and governance disclosure requirements for companies rolled out amid concerns over growing climate disasters. The GOP majority committee members decried the disclosure rules as part of a broader push to discourage ESG investing nationwide. Democrats defended them as necessary to promote responsible investing to reduce inequities and curb climate change. "These politically motivated regulations not only discouraged private companies from going public but also hinder the competitiveness of American public companies." Democratic Rep. Maxine Waters, meanwhile, criticized Republicans' attempts to undermine what she called the federal government's responsibility to hold public companies accountable for ESG.
Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, Biden, Waters, Gary Gensler, Joe Biden, Andy Barr, Benjamin Zycher, Zycher, Juan Vargas, Vargas Organizations: Financial, Consumers, Investors, American, WASHINGTON —, Republican, Financial Services, GOP, Securities and Exchange, SEC, Democratic, ESG, European Union, Labor Department, Republicans, American Enterprise Institute Locations: Washington , U.S, McHenry, R, Ky
WASHINGTON – As Republicans in the House dig in to investigate environmental, social and governance, or ESG, investing, a major industry group that represents thousands of companies is urging them to make reforms. The letter is addressed to committee Chairman Rep. Patrick McHenry, R-N.C., and ranking member Rep. Maxine Waters, D-Calif. The letter underscores the business muscle behind the GOP's battle against policies that back ESG investing. ESG investing has become a heated policy battleground. Progressive Democratic lawmakers have pushed back, arguing that considering ESG makes investors more aware of potential risks and opportunities.
Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, McHenry, ESG Organizations: Financial, Consumers, Investors, American, WASHINGTON –, National Association of Manufacturers, Financial Services Committee, SEC, CNBC, NAM, Johnson, Exxon Mobil, Pfizer, Progressive Democratic Locations: Washington , U.S, R
SEC Chair Gary Gensler, who is in the midst of a hefty crackdown on crypto companies, offered to serve as an advisor to Binance's parent company in 2019, according to the lawyers for Binance and founder Changpeng Zhao. Before Gensler started going after Binance, he was trying to cozy up to the company, the lawyers say. The Wall Street Journal previously reported on Gensler and Binance's relationship, citing internal Binance messages and a person close to the SEC chair. Zhao's lawyers now say that the Zhao understood that Gensler was "comfortable serving as an informal advisor." Because of Gensler's ties to Zhao, Binance's lawyers said they'd asked for his recusal from any actions regarding the company.
Persons: Gary Gensler, Emanuel Cleaver, Changpeng Zhao, Gibson Dunn, Latham, Watkins, Gensler, Zhao, Biden, Binance, Gibson, Gensler's, they'd, Zhao's Organizations: Financial, Securities and Exchange Commission, SEC, Massachusetts Institute, Technology's Sloan School of Management, Binance, Street, MIT, Financial Services Committee, Facebook, CNBC Locations: Rayburn, Japan, Gensler, UAE
WASHINGTON — A bipartisan group of lawmakers overseeing the recent turmoil in the banking sector said Wednesday that they aim to increase Americans' confidence in the banking industry after Silicon Valley Bank and Signature Bank collapsed over the last two weeks. Regulators and lawmakers are also trying to contain further damage to the economy and reinforce confidence in the banking system. Sen. Tim Scott, a South Carolina Republican and ranking member of the Senate Banking Committee, also said writing new laws should take a back seat at the hearings to investigating what happened. We can't legislate that either in the financial sector or among financial institutions management, nor with the regulators." Sen. Sherrod Brown, an Ohio Democrat and chairman of Senate Banking Committee, compared the SVB collapse to the devastating train crash in East Palestine, Ohio.
"I don't think that's a proper characterization of my view," McHenry said in an interview with CNBC Senior Congressional Correspondent Ylan Mui. What I think corporations should do is focus on their key knitting," he said. Vanguard Group also had been scheduled to testify, but after the fund giant abandoned an investment industry climate alliance, that changed. McHenry, rated as one of the most moderate House Republicans by non-profit GovTrack US, doesn't seem interested in the state approach. "It plays politics with corporations, in the name of having corporations not play politics."
Restricțiile din Italia vor fi relaxate de luni în șase regiuni, a decis Ministerul Sănătății, chiar dacă numărul zilnic al deceselor la nivel național rămâne cu mult peste 400. O mare parte din nordul țării, cel mai afectat de epidemie, va ieși din zona roșie și va intra în cea portocalie, ceea ce înseamnă că restricțiile devin mai puțin severe. Potrivit ANSA, de luni Italia devine portocalie, cu doar 4 regiuni în zona roșie, inclusiv Sardinia. Cu toate acestea, 11,4 milioane de italieni rămân în zona roșie: cei care locuiesc în Campania, Puglia, Valle d'Aosta și Sardinia. Italia a înregistrat până acum 113.579 de decese legate de COVID, a doua cea mai mare rată din Europa după Marea Britanie și a șaptea din lume.
Persons: calibra, Roberto Speranza Organizations: Ministerul Sănătății, Reuters, Mediafax, Sănătății Locations: Italia, Sardinia, Calabria, Lombardia, Emilia Romagna, Friuli Venezia Giulia, Piemont, Toscana, Abruzzo, Basilicata, Lazio, Liguria, Marche, Molise, Sicilia, Umbria, Veneto, Bolzano, Trento, Campania, Puglia, Valle d'Aosta, Europa
Sursa foto: Profimedia ImagesItalia relaxează restricțiile în șase regiuni, chiar dacă numărul deceselor zilnice rămâne ridicatRestricțiile din Italia vor fi relaxate de luni în șase regiuni, a decis Ministerul Sănătății, chiar dacă numărul zilnic al deceselor la nivel național rămâne cu mult peste 400, transmite Digi24. Italia are un sistem cu patru niveluri, codificat prin culori, pentru a calibra restricțiile în vigoare în cele 20 de regiuni ale sale. Potrivit ANSA, de luni Italia devine portocalie, cu doar 4 regiuni în zona roșie, inclusiv Sardinia. Cu toate acestea, 11,4 milioane de italieni rămân în zona roșie: cei care locuiesc în Campania, Puglia, Valle d'Aosta și Sardinia. Italia a înregistrat până acum 113.579 de decese legate de COVID, a doua cea mai mare rată din Europa după Marea Britanie și a șaptea din lume.
Persons: calibra, Roberto Speranza Organizations: Ministerul Sănătății, Reuters, Mediafax, Sănătății Locations: Italia, Sardinia, Calabria, Lombardia, Emilia Romagna, Friuli Venezia Giulia, Piemont, Toscana, Abruzzo, Basilicata, Lazio, Liguria, Marche, Molise, Sicilia, Umbria, Veneto, Bolzano, Trento, Campania, Puglia, Valle d'Aosta, Europa
Banca Națională a anunțat că se ieftinesc creditele
  + stars: | 2020-08-06 | by ( ) abcnews.md   time to read: +1 min
Comitetul executiv al Băncii Naționale a Moldovei (BNM) a decis cu vot unanim, în ședința din 6 august 2020, asupra unui șir de măsuri de politică monetară stimulative. Decizia se bazează pe evaluarea informațiilor macroeconomice recente disponibile din mediul intern și extern și asumările luate în calcul la elaborarea noii runde de prognoză. a coridorului ratelor are menirea de a calibra instrumentele de politică monetară cu scopul eficientizării mecanismului de transmisie a deciziilor de politică monetară. , până la 32,0 la sută, pentru perioadele de aplicare 16 august 2020 – 15 septembrie 2020 și, respectiv, 16 septembrie 2020 – 15 octombrie 2020. Decizia a fost coordonată cu FMI și are drept scop îmbunătățirea intermedierii financiare în moneda națională.
Organizations: Moldovei, p.p ., p.p, FMI
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