Phil Davis

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Biography

Phil Davis is a former Financial Times journalist. He writes articles, blogs, and speeches about investments, pensions, regulation, and ESG issues for asset management clients.

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Curated Global Headlines by SmartBrief.com

UK Treasury is not Brexit's enemy, Hammond says

The UK Treasury is not "the enemy of Brexit," Chancellor Philip Hammond said. Hammond defended his plan to maintain close EU ties while seeking non-EU financial-services deals. Reuters (21 Jun.)

SEC may extend comment period on investment-advice rule

Securities and Exchange Commission Chairman Jay Clayton told the House Financial Services Committee that the agency may extend the deadline for submitting comments on its proposed standard for financial advice beyond the customary 90 days. Clayton said he would decide about extending the Aug. 7 deadline "in August." ThinkAdvisor (free registration) (21 Jun.)

US high court strikes down SEC appointment of in-house judges

The US Supreme Court has ruled in a 7-2 decision the way the Securities and Exchange Commission appoints administrative law judges is unconstitutional. The SEC employs five administrative law judges, but the ruling might have ramifications for almost 2,000 fellow judges, who consider issues such as patent disputes and trade matters. Reuters (21 Jun.)

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