Securities and Exchange Commission Chairman Gary Gensler will be interviewed at the Wall Street Journal’s CFO Network event on Monday at 11:05 a.m. Eastern Standard Time.
Jensler is expected to discuss policy development priorities, including developing new corporate disclosure standards related to climate change. The Byden administration calls on the SEC and other financial regulators to demand more standardized reporting on the risks and impacts of climate change by state-owned companies and the financial sector.
Jensler also suggests that the SEC write new rules or guidelines for special purpose acquisition companies. Jensler has raised over $ 100 billion this year in PSPC, which has a complex structure. I wonder if this is suitable for small investors who don’t understand or conflicts of interest.
Democratic candidate Jensler took control of the SEC in April. During the Obama administration, he served as chairman of the Commodity Futures Trading Commission, a sister organization of the SEC. After unregulated trading triggered the 2008 financial crisis, he put in place rules at the CFTC aimed at mitigating risk and increasing transparency in the swap market. Gensler’s CFTC pushed most of the standardized swap transactions on the exchanges and required a clearinghouse guarantee.
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