At the 26th UN Climate Change Conference of the Parties , Treasury Secretary Janet L. Yellen applauded private sector support for financing the transition to a net-zero economy.
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FinCEN informed financial institutions of changes to the Financial Action Task Force's list of jurisdictions with strategic AML, counter-terrorist financing, and counter-proliferation financing deficiencies.
IOSCO finalized recommendations for sustainability-related asset management practices.
At the SIFMA annual meeting, SEC Chair Gary Gensler highlighted potential areas for reform across the Treasury, non-Treasury fixed income, equity and security-based swaps markets.
At a hearing before the Senate Banking Committee, Alternative Reference Rates Committee Chair Thomas Wipf advocated for Congressional passage of uniform, federal legislation to address LIBOR legacy contract transition issues and "avoid the disruptions, market uncertainties, and confusion that would otherwise occur when LIBOR ends."