NY Fed chief urges progress on banking culture
William Dudley Federal Reserve Bank of New York president and CEO William Dudley has again called for firms to address their...
Read More
Regulatory & compliance archive
The week in GRC: FDIC’s Hoenig eyes investment banking partitions and the OCC moves ahead on fintech licenses
– The New York Times reported that, although Chinese firms struck a record-breaking $225 billion in deals to acquire companies...
Read More
The week in GRC:Â Republicans face troubles in gutting Dodd-Frank and EU countries eye London-based regulators
‒ Bloomberg reported that the SEC’s division of enforcement is imposing a series of cuts as it braces for deep spending reductions...
Read More
Californian bank fined $7 million in AML case
A Carson, California-based bank has agreed to pay a $7 million fine to settle what regulators called ‘willful’ violations of anti...
Read More
The week in GRC: Yahoo’s board acts over security breach and EU financial services chief warns about Trump rule rollback
‒ Sam Woods, head of the Bank of England’s Prudential Regulation Authority, warned against rolling back reforms made in the wake...
Read More
SEC eyes company disclosure changes
Michael Piwowar The SEC will this week take its next steps toward revamping what information companies must release and how they...
Read More
The week in GRC:Â Expect US-first approach to regulation, Mnuchin says; and study finds banks have more female directors than most other industries
– The Wall Street Journal reported that Jay Clayton, a partner at Sullivan & Cromwell and President Donald Trump’s pick to chair...
Read More
OCC reminds banks of new-director notifications
Regulators have reminded compliance teams that banks in financial trouble that plan to refresh their board or executive team need...
Read More
FTC considering social media enforcement approach, official says
New leadership at the Federal Trade Commission (FTC) may lead to changes in the way it tackles social media-related enforcement...
Read More
The week in GRC: Unilever rejects $143 billion takeover and banks plan Trump risk disclosures
– Bloomberg reported that Daniel Tarullo, the Federal Reserve official who spearheaded the push to make banks safer after the...
Read More
