The debate over Environmental, Social, and Governance (#ESG) factors in financial markets intensifies as experts express concerns about its impact on risk pricing and capital allocation. Critics argue that ESG is undermining Wall Street's integrity and independence, creating an echo chamber in the financial sector. House Oversight Chair investigates Federal Reserve for potential illegal ESG practices, while Wall Street faces pressure to enhance risk detection amid increased oversight.
House Oversight Committee Chairman James Comer is seeking information from the Federal Reserve about whether some asset managers are breaching agreements with the central bank because of their links to climate-finance groups. https://t.co/oBPHzZZTXw
Wall Street lenders must do more to spot risks from firms they do business with as the Federal Reserve steps up oversight of counterparty risks, according to the central bank’s vice chair for supervision. https://t.co/RXf9PyjD09
Thanks to @rc_markets for highlighting my @LawLiberty article on “How #ESG Corrupts #WallStreet.” https://t.co/saj1RU2pvu https://t.co/pGfHKQh8KK
In Depth: China’s regulators have been working for years to overhaul the country’s troubled trust industry, which has been hit by scandal, fraud and defaults on investment products. New rules put more focus on risk control and tighten oversight. https://t.co/wIpyBA0QKZ
Corporate affairs ministry probing #Chinese companies linked to #loan apps; investigations at advanced stages In recent times, the ministry has been acting against companies and related individuals for hiding beneficial ownership. https://t.co/LdWHTqI4CW
If, as @elonmusk has said, #ESG is a scam, we should know just how much it is corrupting and distorting #WallStreet. Or so I argue in this @LawLiberty book review. @RealClearBooks https://t.co/saj1RU2pvu
EXCLUSIVE: House Oversight Chair Probes Federal Reserve On Potentially Illegal ESG Practices Read all about it here first for @DailyCaller: https://t.co/Dzdda9QLwW
“Business professors, management consultants, professional certification associations, philanthropic groups, and activist NGOs have immersed much of America’s financial sector in an ESG echo chamber.” @LawLiberty @realclearpolicy https://t.co/saj1RU2pvu
“Until financial actors do a better job of explaining the great goods that flow from their work in capital markets, we will struggle to exorcize the #ESG demon corrupting America’s capital markets” @LawLiberty @rc_markets https://t.co/saj1RU2pvu
“#ESG severely compromises the ability of financial actors to price risk and allocate capital throughout the economy.” It is also steadily undermining Wall Street’s independence and integrity. Or so I argue in @LawLiberty https://t.co/saj1RU2pvu