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The debate over Environmental, Social, and Governance (#ESG) factors in financial markets intensifies as experts express concerns about its impact on risk pricing and capital allocation. Critics argue that ESG is undermining Wall Street's integrity and independence, creating an echo chamber in the financial sector. House Oversight Chair investigates Federal Reserve for potential illegal ESG practices, while Wall Street faces pressure to enhance risk detection amid increased oversight.
House Oversight Committee Chairman James Comer is seeking information from the Federal Reserve about whether some asset managers are breaching agreements with the central bank because of their links to climate-finance groups. https://t.co/oBPHzZZTXw
Wall Street lenders must do more to spot risks from firms they do business with as the Federal Reserve steps up oversight of counterparty risks, according to the central bank’s vice chair for supervision. https://t.co/RXf9PyjD09
Thanks to @rc_markets for highlighting my @LawLiberty article on “How #ESG Corrupts #WallStreet.” https://t.co/saj1RU2pvu https://t.co/pGfHKQh8KK
