FSB: 2009 Comp Standards Withstand COVID, Other Challenges
The FSB’s summary today of its latest compensation workshop concluded that most compensation frameworks were flexible enough to respond to the pandemic.

Fed Staff: Shadow Banks Increasing Gaps in Reg Perimeter
A new Fed Staff paper provides an exhaustive inventory of gaps the in U.S. financial-regulatory perimeter and the risks they present.

Fed Study: Climate Change a Risk to Economic Growth, Financial Stability
Describing climate change as the central economic challenge of this century, a new Fed study finds that climate risk may lead to large risks to macroeconomic growth.