PWG’s Anti-China Listing Policy Has Broader Market Impact
Late yesterday, the President’s Working Group (PWG) on Financial Markets – a Group rarely convened in recent years – issued a report urging not just restrictions on public listings for certain Chinese companies and enhanced listing disclosures, but also several recommendations with direct financial-market implications.

Attacked from Both Sides, Rosengren Defends Main Street Facility
Although Federal Reserve Bank of Boston President Rosengren stoutly defended the Main Street Lending program (see Client Report COVID10), both Republicans and Democrats at today’s CARES Act Congressional Oversight Commission hearing demanded structural – albeit different – changes.