An aggressive regulator is critical to maintaining the United States as the 'gold standard' for capital markets, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler will tell the U.S. Senate Banking Committee on Thursday.
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. REUTERS/Evelyn Hockstein/PoolWASHINGTON, Sept 15 - An aggressive regulator is critical to maintaining the United States as the "gold standard" for capital markets, U.S. Securities and Exchange Commission chair Gary Gensler will tell the U.S.
"As markets have evolved, our rules have continued to evolve as well," he said. "I think we should do everything we can to maintain and enhance that gold standard of our capital markets."Republicans are especially concerned about a draft SEC rule requiring public companies to disclose climate-related risks, including greenhouse gas emissions. Corporate groups say it is onerous and exceeds the agency's authority.
Gensler made headlines last week when he said crypto companies may need multiple SEC registrations and split their operations into separate legal entities.Senator Pat Toomey, the senior Republican on the committee criticized Gensler's approach in July.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
King Charles and his 'special relationship' with the United StatesFollowing the death of Queen Elizabeth II last week, her son, Prince Charles, ascended to the throne, becoming King Charles III. During 70 long years, the queen navigated the monarchy through decades of social change and the decline of the British Empire.
Read more »
Opinion | What if the United States loses the AI race against China?A new report spearheaded by former Google CEO Eric Schmidt details the worrying stakes.
Read more »
Will Zalatoris: 'If Rory was born in the United States, I'd vote him for president'Will Zalatoris recently discussed LIV Golf, Rory McIlroy’s leadership, playing with Tiger Woods, and struggles after leaving college.
Read more »
Fentanyl overdoses increased by 20% in Alabama over past yearConcern over the increase in fentanyl-related deaths across the United States and our local communities.
Read more »
2 earthquake with magnitudes great than 4.0 shake Santa RosaTwo earthquakes rattled northeast of Santa Rosa Tuesday evening, according to the United States Geological Survey.
Read more »