Two-term SEC Commissioner Paul Atkins is the chief executive of Patomak Global Partners – a New York and DC-based financial services consultancy. Paul served as a member of the congressional oversight panel for TARP (remember that?), was a partner at PricewaterhouseCoopers, and an attorney with Davis Polk.
Today's topic we can subtitle as “Financial markets meet Environmental Social Governance (ESG),” which sounds rather benign, but it's far from it. Imagine you're seeking the best physician to cure a serious medical condition. What's the likelihood you'll ask the prospective physician her opinion on immigration, cash bail, or criminal justice reform?
As Paul will explain, financial regulation is forcing the politics of ESG into our financial markets, resulting in lower yields for all of us and the misallocation of capital.
