News Centre

Neither Pay Nor Performance, SEC Commissioner Hester M. Peirce, Aug. 25, 2022

Date 25/08/2022

Section 953(a) of the Dodd-Frank Act requires the Commission to adopt rules mandating public companies to describe clearly the relationship between compensation the company actually paid to its executives and the company’s financial performance. Today’s rulemaking will elicit costly, complicated, disclosure of questionable utility. Accordingly, I am unable to support this rule.

SEC Adopts Pay Versus Performance Disclosure Rules

Date 25/08/2022

The Securities and Exchange Commission today adopted amendments to its rules to require registrants to disclose information reflecting the relationship between executive compensation actually paid by a registrant and the registrant’s financial performance. The rules implement a requirement mandated by the Dodd-Frank Act. The Commission proposed pay versus performance disclosure rules in 2015 and reopened the comment period on the proposal in January of this year.

Statement On The Final Rule Related To Pay Versus Performance, SEC Commissioner Mark T. Uyeda, Aug. 25, 2022

Date 25/08/2022

Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) requires the Commission to issue a rule requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company’s financial performance.[1] Although this provision lacks a statutory deadline, it is unacceptable for more than twelve years to elapse before fulfilling a Congressional mandate.

Statement On Final Rule Regarding Pay Versus Performance, SEC Chair Gary Gensler, Aug. 25, 2022

Date 25/08/2022

Today, the Commission voted to adopt a rule requiring certain public companies to disclose information regarding their executives’ compensation and how such compensation relates to the company’s financial performance. I was pleased to support this rule—so-called “pay versus performance”—because it will strengthen the transparency and quality of executive compensation disclosure to investors.

Statement On Pay Versus Performance:SEC Commissioner Jaime Lizárraga, Aug. 25, 2022

Date 25/08/2022

Today, the Commission adopted a rulemaking implementing key Dodd-Frank Act transparency provisions that give shareholders the ability to assess whether executive compensation is tied to corporate performance. I commend SEC Chair Gary Gensler for advancing this important priority that makes executive pay more accountable to shareholders.

US Treasury Announces Cyber Security Cooperation Memorandum Of Understanding With The State Of Israel

Date 25/08/2022

The U.S. Department of the Treasury and the Ministry of Finance of the State of Israel (MOF) announced the finalization of a bilateral Memorandum of Understanding (“MoU”) on Cybersecurity Cooperation. The MoU builds on U.S. Deputy Secretary of the Treasury Wally Adeyemo’s visit to Israel in November 2021 that established a bilateral partnership to protect critical infrastructure in the financial sector and recognized the importance of deepening cooperation on cybersecurity to protect the integrity of the international financial system.

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Travel To Mumbai

Date 25/08/2022

On August 24 and 25, Deputy Secretary of the Treasury Wally Adeyemo traveled to Mumbai, India to meet with private sector representatives and the Reserve Bank of India. In Mumbai, he reaffirmed the deep economic ties between the United States and India and highlighted opportunities for working together to address shared global challenges like high and volatile energy prices.

Cowen Digital Expands Institutional Team With Crypto-Native Hires

Date 25/08/2022

Cowen Digital LLC, the digital asset division of Cowen Inc., has announced a series of new appointments drawn from leading digital asset businesses to expand the firm’s Institutional sales team. 

Capital Requirements Of Swedish Banks As Of Q2 2022

Date 25/08/2022

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q2 2022.

BIS - Safeguarding Operational Resilience: The Macroprudential Perspective

Date 25/08/2022