Given that it is extremely unlikely that the European regulators will change their minds and determine to reaccelerate the imposition of margin requirements (especially now with the additional complication of Brexit), the Congressmen are, in effect, telling the U.S. regulators to slow down to the European schedule. Hopefully, these regulators will accede to that request, as the alternative would put U.S. firms at a considerable disadvantage.

The need for international…

According to Chair White, a very broad range of topics is included within the scope of sustainability reporting. As the Chair further noted, all such issues must be discussed and disclosed to the extent that they are material to a company's financial condition or the result of operations. In this respect, so-called sustainability issues are no different from any other issue. The question that then arises is whether there are other areas in which sustainability reporting disclosure is…

Financial trading had nothing to do with the market collapse in 2008 (although suggesting that it did clearly helped Michael Lewis sell books). Representative DeFazio appears to be either unfamiliar or unimpressed with evidence showing that a single trader's activity (not one of the type disparaged by the Representative) precipitated the Flash Crash. See  Apart from that, the practices that would be taxed by his bill essentially are market-making activities. The focus on…

In her letter to SEC Chair Mary Jo White (See, ) Senator Elizabeth Warren proclaims that investor information overload is a problem which "does not exist." Commissioner Michael S. Piwowar's position contrasts sharply with that of Senator Warren. In support of the rule proposal, Commissioner Piwowar stated: "In 2008, our staff conducted a survey of retail investors. More than half of investors responded that they rarely, very rarely, or never read corporate annual reports. Some…