From our friends at FiSolve, in this week’s financial and regulatory news, several significant developments have taken center stage:
– **SEC Compliance Extensions**: The SEC and CFTC have extended the compliance date for Form PF amendments to October 1, 2025, giving firms more time to adapt to the changes originally set for earlier deadlines.
– **Defined Benefit Plans Reimagined**: A survey of 173 CFOs reveals a shift in strategy, with half opting to retain their defined benefit plans despite ongoing market pressures. Interest rates and inflation remain key factors influencing these decisions.
– **Swiss Investment Adviser Registrations**: The SEC has resumed processing registration applications for investment advisers based in Switzerland, following productive discussions with FINMA. This paves the way for smoother cross-border regulatory coordination.
– **EU Supervisory Principles Released**: ESMA has rolled out 14 principles aimed at managing third-party risks, emphasizing uniformity and effectiveness in supervisory practices across the EU.
– **Investor Sentiment in the US**: The Risk Appetite Index inched up to -13% in June, marking cautious optimism with reduced equity market hesitance. Investors foresee modest gains for the S&P 500 this year.
– **Challenges in Skills-Based Hiring**: A recent survey highlights hiring difficulties in the US and UK, with 63% of employers finding it harder to recruit talent and 70% of job seekers struggling to find roles. The rise of AI in hiring processes is noted, with 65% of employers adopting it and reporting significant benefits.
Read the full update here.