Moody's Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U.S. protectionism and spillovers from global monetary tightening and China's deleveraging measures (Aug 29)
Companies should work with government, industry partners
Seven members resign from National Infrastructure Advisory Council, citing cybersecurity inaction; companies should continue to work with government, industry partners to bolster cybersecurity protections
Fiduciary rule exemptions face delay under DOL proposal
Agency cites need to complete review of the rule, possible changes as reason for delay; advisers still required to give advice in their clients' best interest, receive reasonable compensation, and not make misleading statements; DOL says delaying the applicability dates won't result in huge investor losses.
Fiduciary rule's arbitration ban won't be enforced by DOL
DOL won't enforce regulation making it harder for financial advisers to insulate themselves from class litigation; specific nonenforcement policy comes weeks after DOL dropped its defense of this provision in court; Supreme Court set to consider class action waivers in employment context in October.