CAT Faces More Delays

MarketsMedia February 4, 2019 — On January 29, the SEC appointed Manisha Kimmel as senior policy advisor for regulatory reporting, or more informally the “CAT Tsar,” and who reports to SEC Chairman Jay Clayton. “SEC Commission Kara Stein pushed for a CAT Tsar who would report directly to the SEC chair to make sure that it would make it over the line,” Tyler Gellasch, executive director at the Healthy Markets Association, told Markets Media. “Frankly, for the first time, we have one in January 2019. Not only do we have one, but we also have someone who is deeply experienced on the issues and has the expertise instead of having a group of people where each one is one-tenth a project manager and not necessarily incentivized for success.” (Full Story)

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