In its ongoing coverage of the trial of former members of JPMorgan Chase’s precious metals desk accused of market manipulation, Bloomberg News cites testimony given by Monument’s Christopher Jackman to a federal jury in Chicago on Tuesday.
The Securities and Exchange Commission Historical Society has admitted Mark Kaplan, CFA as a New Advisor to their 2022 Board of Advisors.
In an Expert Analysis published in Law360, Mark Kaplan, CFA offers his thoughts on the role economic analysis might play in SEC enforcement of climate-related matters. In the article, he first summarizes the SEC’s ongoing development of climate risk disclosure rules and the SEC’s focus on identifying climate risk disclosure gaps and misstatements. He then provides a brief overview of SEC economic analysis of corporate misstatements. Finally, he discusses several potential economic risks to corporations as climate risk disclosure enforcement likely increases in the future, providing examples of how the SEC might assess economic benefits to a corporation from material gaps or misstatements in climate risk disclosures.
Law360 published a piece co-authored by Jamie Donovan and Kenneth Grant of Berkeley Research Group exploring the rising tensions between states’ climate policies and investment treaty duties.
They note the absolute need for states, investors, and tribunals to comprehend the evolving economics of power generation and the opportunity to allow states more flexibility in climate policy.
Jessica Harris and former colleague David Slovick, partner at Barnes & Thornburg LLP, share their thoughts on Senator Elizabeth Warren’s idea for the CFTC to oversee digital ad exchanges. They discuss if digital advertising is, or should be, considered a commodity, and they explore the merits of the CFTC adding to their current jurisdiction.
Law360 published a piece by Monument Economics Group Affiliate Dr. Andrew Kleit and his colleague Todd Aagaard. This paper delves into the electricity prices charged during the peak of the power shortage and subsequent 32 hours post-peak during the Texas Power Crisis of February 2021. Numerous lawsuits have been filed alleging that power generators now owe staggering amounts to electricity suppliers. The authors delve into the pricing factors and how the operating reserve demand curve particularly plays a pivotal role in determining what prices should have been absent the Texas Public Utility Commission interference.