Environmental, Social & Governance (ESG)

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KPMG Australia Fallout Widens as RBA, Pension Reassess

One of Australia’s biggest pension funds is ramping up scrutiny of KPMG Australiaand the nation’s central bank moved to sever ties with the firm, as the accounting giant’s handling of misconduct allegations by a whistleblower fuels the latest scandal to rock the industry.

Wall Street Regulators Targeted in Trump’s Workforce Order

President Donald Trump’s order stripping federal civil service protections from around 8,000 federal workers reaches deep into the ranks of some Wall Street regulators, as agency veterans sounded the alarm about the administration gaining new tools to sideline bank examination officials and crypto cops.

Russell 2000 Credit Spread, Hertz Straddle: US Options Snapshot

The VIX fell more than half a point, below 16. Both top large cap single stock and S&P 500 Index Options are comfortably in positive gamma territory above the SPX ~7,500 level, according to data from SpotGamma, meaning market maker hedging should act as a stabilizing force. The S&P 500 rose 0.4%, while the Nasdaq 100 slipped 0.5%.

Franklin’s Wamco Nears $100 Million SEC Deal Over Leech

Western Asset Management Co. is nearing an agreement with the Securities and Exchange Commission to resolve a probe related to trading practices of its onetime star manager Ken Leech, who is facing separate criminal fraud charges.

Trump Jr. Tells Investors He Would Avoid Investing in China

President Donald Trump’s eldest son warned against investing in China during an event for investors on Thursday in Zurich, even as his father’s administration has pushed forward on plans to improve commercial ties between the two countries.

Practitioner Insights

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Mohsen Manesh
University of Oregon School of Law
Michael Toth
University of Texas at Austin

ESG Explained: Socially Conscious Capitalism and Its Backlash

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation — and litigation — we can expect in the near future.

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