Weekly Roundup: June 15-21, 2018

This roundup contains a collection of the posts published on the Forum during the week of June 15-21, 2018.

Highlights of Proposal to Simplify the Volcker Rule

Posted by Katherine Mooney Carroll, Derek Bush and Hugh Conroy, Cleary Gottleib Steen & Hamilton LLP, on Friday, June 15, 2018

Tags: Accounting, Accounting standards, Banks, Compliance and disclosure interpretation, Federal Reserve, Financial institutions, Financial regulation, Foreign banks, Liquidity, Mutual funds, Proprietary trading

Remarks to the SEC Investor Advisory Committee

Posted by Jay Clayton, U.S. Securities and Exchange Commission, on Friday, June 15, 2018

Tags: Conflicts of interest, Cryptocurrencies, Disclosure, ICOs, Investment advisers, Investor protection, Retail investors, SEC, SEC enforcement, Securities regulation

Don’t Blame Stock Markets for Peril of Short-Termism

Posted by Mark Roe (Harvard Law School), on Friday, June 15, 2018

Tags: Business Roundtable, Earnings announcements, Hedge funds, Investor horizons, Long-Term value, Market efficiency, Market reaction, R&D, Repurchases, Short-termism, Venture capital firms

The Law and Finance of Initial Coin Offerings

Posted by Aurelio Gurrea Martinez (Ibero-American Institute for Law and Finance) and Nydia Remolina (Javerina University), on Saturday, June 16, 2018

Tags: Blockchain, Capital formation, Cryptocurrency, Equity offerings, Financial technology, ICOs, Securities regulation

Untangling the Tangled Web of Cybersecurity Disclosure Requirements: A Practical Guide

Posted by Pamela Marcogliese and Rahul Mukhi, Cleary Gottlieb Steen & Hamilton LLP, on Sunday, June 17, 2018

Tags: Contracts, Cybersecurity, Disclosure, EU, Europe, GDPR, International governance, Regulation FD, Risk, Risk disclosure, SEC, SEC rulemaking, Securities regulation

Political, Social, and Environmental Shareholder Resolutions: Do they Create or Destroy Shareholder Value?

Posted by Joseph P. Kalt (Harvard University & Compass Lexecon) and L. Adel Turki (Compass Lexecon), on Sunday, June 17, 2018

Tags: Boards of Directors, Climate change, Corporate Social Responsibility, Environmental disclosure, ESG, Institutional Investors, Shareholder activism, Shareholder proposals, Shareholder voting, Sustainability

Significant Revisions of the Volcker Rule

Posted by Nathan S. Brownback and V. Gerard Comizio, Fried, Frank, Harris, Shriver & Jacobson LLP, on Monday, June 18, 2018

Tags: Banks, Capital requirements, Compliance and disclosure interpretation, Dodd-Frank Act, FDIC, Federal Reserve, Financial institutions, Financial regulation, Liquidity, Mutual funds, OCC, Proprietary trading, Volcker Rule

T. Rowe Price’s Investment Philosophy on Shareholder Activism

Posted by Donna F. Anderson, T. Rowe Price, on Monday, June 18, 2018

Tags: Boards of Directors, Engagement, ESG, Institutional Investors, Long-Term value, Management, Mergers & acquisitions, Proxy contests, Shareholder activism, Shareholder voting, Short-termism

The Effect of Enforcement Transparency: Evidence from SEC Comment-Letter Reviews

Posted by Miguel Duro (University of Navarra), Jonas Heese (Harvard Business School), and Gaizka Ormazabal (University of Navarra), on Monday, June 18, 2018