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New Zealand Financial Markets Authority: KiwiSaver Holds Firm Through Volatility And Reaches $94BN In March 2023

Date 19/09/2023

The FMA’s latest KiwiSaver Annual report for the year to 31 March shows that KiwiSaver has held firm through a continuing period of market volatility. Total funds in KiwiSaver have grown again this year, by $4 billion, due to contributions of $10.5bn from members, employers, and government. 

Readout: U.S. Department Of The Treasury Senior Leadership Meets With Financial Institution Leaders To Discuss Net-Zero Transition Planning Efforts

Date 19/09/2023

Today, Treasury Secretary Janet Yellen, Under Secretary for Domestic Finance Nellie Liang, and Climate Counselor Ethan Zindler met with leaders from a range of financial institutions. The discussion focused on voluntary best practices and challenges related to developing and implementing net-zero commitments, supporting client and portfolio company transition-related efforts, and mobilizing additional private finance towards the clean energy economy. Earlier in the day Treasury released its Net-Zero Principles for Financing & Investment.

Remarks By US Secretary Of The Treasury Janet L. Yellen At Net-Zero Financial Institution Leaders Roundtable In New York, New York

Date 19/09/2023

Good afternoon. It’s nice to see many of you again.

I’d like to start by expressing my appreciation for the work you and your firms are doing on climate – particularly the support you provide to your clients and portfolio companies to both better manage the risks and take advantage of the opportunities associated with climate change. The steps you’ve been taking are significant.

Readout: U.S. Department of the Treasury Senior Leadership Meets with Technical NGO Leaders to Discuss Net-Zero Transition Planning Efforts

Date 19/09/2023

Today, Treasury Secretary Janet Yellen, Under Secretary for Domestic Finance Nellie Liang, and Climate Counselor Ethan Zindler, met with leaders of some of the largest technical non-governmental organizations (NGOs) focused on supporting the implementation of net-zero commitments by financial institutions and facilitating the transition to a clean energy economy. Participants discussed the importance of promoting consistency among voluntary standards and best practices for net-zero transition plans, and identified gaps in available data and technical resources and priorities for future work. In addition, some of these technical NGO leaders announced new commitments to develop further technical work to support financial institutions in developing and implementing net-zero transition plans and related efforts. Earlier in the day Treasury released its Net-Zero Principles for Financing & Investment.

CFTC Grants Two Whistleblower Awards Totaling Over $15 Million

Date 19/09/2023

The Commodity Futures Trading Commission today announced whistleblower awards totaling over $15 million to two whistleblowers who provided significant information and assistance that led the CFTC to bring separate successful enforcement actions. Because the whistleblowers immediately provided reliable information, the CFTC opened the respective investigations shortly after each whistleblower submitted a Form TCR. 

Readout: U.S. Department Of The Treasury Senior Leadership Meets With Philanthropy Leaders To Discuss Net-Zero Transition Planning Efforts

Date 19/09/2023

Today, Treasury Secretary Janet Yellen, Under Secretary for Domestic Finance Nellie Liang, and Climate Counselor Ethan Zindler, met with leadership from philanthropies that support the implementation of financial institution net-zero commitments and related transition planning efforts. The discussion centered on current priorities and outstanding challenges to mobilizing private finance towards the growing clean energy economy of the future. Alongside today’s events, these philanthropic leaders – alongside another philanthropic organization not present (Hewlett Foundation) – announced commitments totaling $340 million over the next 3 years. These funds will be used years to support the continued development of research, data availability, and technical resources intended to help financial institutions develop and execute robust, voluntary net-zero commitments. This funding will also support work to facilitate the transition planning efforts of non-financial sectors of the economy. Earlier in the day Treasury released its Net-Zero Principles for Financing & Investment.

SEC Charges California Resident With Multimillion Dollar Ponzi Scheme Targeting Tongan American Community

Date 19/09/2023

The Securities and Exchange Commission today charged Richmond, California resident Tilila Walker Sumchai with raising approximately $11.8 million from more than 1,000 investors through a fraudulent securities offering targeting members of the Tongan American community across the United States.

CFTC Commissioner Pham To Keynote At The ISDA/SIFMA AMG Derivatives Trading Forum New York

Date 19/09/2023

NGX, UN Women Partner To Promote Gender Bonds In Nigeria

Date 19/09/2023

Nigerian Exchange Limited (NGX) and United Nations Women (UN Women) will partner on the integration of gender bonds and other gender-themed sustainable financing mechanisms as strategic instruments to drive gender equality and sustainable development in Nigeria.

Remarks At The Meeting Of SEC Small Business Capital Formation Advisory Committee, SEC Commissioner Hester M. Peirce, Washington D.C., Sept. 19, 2023

Date 19/09/2023

Thank you, Erica [Duignan]. Welcome to members of the Committee and thank you to today’s panelists. I would also like to extend my congratulations to the Committee’s new officers, Chair Erica Duignan, Vice Chair Sue Washer, Secretary Jasmin Sethi, and Assistant Secretary Davyeon Ross. Thank you for your willingness to serve.