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Recent Editions
Risk Channel
North America
The Securities and Exchange Commission (SEC) has proposed allowing publicly traded companies to replace quarterly earnings reports with twice-yearly filings, marking a major potential shift in corporate reporting requirements that have existed for more than five decades. The proposal, backed by SEC Chair Paul Atkins and long supported by President Donald Trump, would end the requirement for companies to publish detailed financial results every quarter within 45 days of the end of each reporting period. Companies choosing semiannual reporting would instead disclose results twice a year by selecting the option in their annual SEC filings. Supporters, including some exchanges and large corporations such as JPMorgan Chase, argue that quarterly reporting imposes significant administrative costs, encourages short-term decision-making, and discourages companies from going public. Nasdaq has also argued that the current system creates a disproportionate burden for smaller businesses. However, investors and asset managers warned that less frequent reporting could reduce market transparency, increase volatility, and widen information gaps between institutional investors and ordinary shareholders. Critics said quarterly disclosures help maintain fairness and provide timely information for evaluating company performance and allocating capital.
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Risk Channel
UK/Europe
The First Conference on Transitioning away from Fossil Fuels has concluded with more than 50 countries agreeing to work on trade measures aimed at cutting demand for fossil fuels. World leaders gathered in Colombia's Santa Marta last week for the first-ever global talks to accelerate the shift, a step participating nations said was not just a climate priority but vital for energy independence. The conference was announced last year after the failure of the official UN COP30 climate summit in Brazil to include an explicit reference to fossil fuels in its final deal. “The conclusion is unavoidable, we must transition away from fossil fuels - not just because it’s good for climate, but because it strengthens our energy independence and security,” said Stientje van Veldhoven, minister for climate policy and green growth for the Netherlands, which co-hosted the conference with Colombia.
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