CFTC Launches New Unit Scrutinizing Products on Climate-Risk Criteria
Reflecting both the political climate and a prior, high-profile advisory report (see Client Report GREEN4), the CFTC today launched a Climate Risk Unit (CRU) tasked with assessing the role of derivatives in understanding, pricing, and addressing climate risk.

HFSC Tees Up Broker-Dealer Reform Legislation
Chairwoman Waters (D-CA) this morning announced a third hearing on the GameStop frenzy featuring regulators, making clear that reform legislation will follow.

Powell: SLR, Capital-Distribution Decisions Coming Soon
Refusing to answer several key questions today, FRB Chair Powell said only that decisions on SLR relief and capital-distribution prohibitions are forthcoming in the next few days for the SLR and weeks on distributions.

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