The US SEC and CFTC have jointly approved new reporting requirements for private funds and investment advisers, aiming to enhance the government's ability to monitor the financial industry. The rules will amend Form PF and expand reporting obligations for large hedge fund advisers. Additionally, Barclays, a major lender to the oil and gas industry, has announced plans to cease direct financing of new oil and gas fields and impose restrictions on lending to energy companies expanding fossil fuel operations. This move has been praised as a positive step towards phasing out fossil fuel financing, with calls for other US banks to follow suit.
The @FDICgov's proposals for improved guidelines for corporate governance and risk management structures for the largest banks are long overdue and much needed. Read our comment letter: https://t.co/e1UAioCTEd
Yesterday, the @SECGov and @CFTC adopted rules that would require greater disclosure from the multi-trillion dollar #privatefund industry. Private Funds have grown tremendously in recent years and are closely intertwined with the larger financial system. These new rules allow…
SEC, CFTC adopt expanded reporting requirements for large hedge funds https://t.co/LBoDtXsG86 via @pensionsnews
Barclays’ commitment to phase out fossil fuel financing is a step in the right direction. Now it’s critical that U.S. banks follow suit. The energy transition urgently requires the biggest financial institutions to do their part. https://t.co/FGliVcn0eN
⚠️ BARCLAYS TO ADOPT FRESH CURBS ON OIL AND GAS FINANCING (Reuters) Barclays, Britain's biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel… https://t.co/Bq1qA0dBBC
US SEC, CFTC jointly approve new private fund reporting rules https://t.co/iB1RnLF9co https://t.co/E9Uw9BrpVc
CFTC Approves a Joint Final Rule to Amend Form PF Regarding Reporting Requirements for All Filers and Large Hedge Fund Advisers: https://t.co/bpL4Fa1G1W
⚠️ US SEC, CFTC JOINTLY APPROVE NEW PRIVATE FUND REPORTING RULES (Reuters) Two top U.S. markets regulators on Thursday said they had jointly approved new reporting requirements for private funds and investment advisers, saying they would boost the government's ability to spot…