Message from John Epperson, Managing Principal, Financial Services
Dear FIEB readers,
While I am excited to take the reins from Mike Percy to serve as the managing principal for Crowe financial services, I also know I have big shoes to fill. Mike led our financial services team for more than 15 years, including navigating us through both the Great Recession and the pandemic. Mike is an incredible leader, and I am grateful for his service and continued leadership in shaping our financial services community.
We have experienced what feels like unprecedented change in terms of both impact and speed. The financial services industry has always been resilient, and I am confident now will be no different. I look forward to navigating the changes together, and please know my virtual door is open to your feedback and questions.
Regulators are beginning to turn their attention to risk management and consumer compliance practices with the rapid advancement of innovation and the world of digital assets. We also continue to see a great deal of interest in environmental, social, and governance disclosures, with a focus on climate change disclosures. On Monday, June 14, the comment period closed on then-acting SEC Chair Allison Herren Lee’s March 15 request for comment on climate change disclosures. To say there is passion on this topic is an understatement. The SEC received approximately 5,400 comment letters, which includes 200 unique letters and 5,200 letters from four form letter variations. The SEC staff also documented approximately 30 meetings with stakeholder groups over the past three months regarding the open request.
This week, I am attending my first in-person conference in well over 15 months and feeling a sense of moving to our next normal. I’m excited about the possibility of seeing some of you in person soon.