House Oversight Panel Probes Whether Asset Managers' Climate Activism Means They Should be Regulated Like Banks

Also, Apollo's Rowan talks oversight of private markets; bipartisan group urges Gensler to drop predictive data rule

Several prominent asset managers have been getting attention for exiting a controversial climate change group. But the industry’s ESG backpedaling isn’t yet resonating with a particularly important group of antagonists – Republican lawmakers.

One case in point: James Comer. Despite the departure of JPMorgan, State Street and Pimco this month from Climate…