The International Organization of Securities Commissions (IOSCO), which groups market regulators from the United States, Europe and Asia, recommended in a consultation paper on Monday that its members consider formally regulating an industry that has so far largely been left to its own devices.

This lack of regulation has prompted concerns among some investors, who say methods of calculating ESG ratings are opaque, and environmentalists, who fear “greenwashing” – or that companies might sometimes get an ESG rating they don’t deserve.

Gallagher drops plans to acquire certain Willis Towers Watson plc brokerage operations

Jul 27, 2021

In conjunction with the termination announcement, Gallagher plans to exercise the special optional redemption feature of its $650 million tranche of 10-year senior notes issued on May 20, 2021.

U.S. will not lift travel restrictions, citing Delta variant -White House

Jul 27, 2021

U.S. Centers for Disease Control and Prevention (CDC) director Rochelle Walensky said on Thursday the seven-day average of new cases in the United States was up 53% over the previous week. The Delta variant, which was first found in India, now comprises more than 80% of new cases nationwide and has been detected in more than 90 countries. Psaki also cited the fact that last week, the CDC urged Americans to avoid travel to the United Kingdom, given a jump in cases.

Saudi Arabia threatens 3-year travel ban for citizens who visit “red list” states

Jul 27, 2021

“Anyone who is proven to be involved will be subject to legal accountability and heavy penalties upon their return, and will be banned from travel for three years,” the official said. Saudi Arabia has banned travel to or transit at a number of countries including Afghanistan, Argentina, Brazil, Egypt, Ethiopia, India, Indonesia, Lebanon, Pakistan, South Africa, Turkey, Vietnam and the United Arab Emirates.

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