Articles | Compliance Week – Page 250
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The future of FinTech may involve unified regulation
Many FinTech firms concede that regulation may provide a needed imprint of safety and security. A new plan calls for a singular regulatory point of contact.
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U.K. corporate governance reforms
Neil Hodge explores the government’s corporate governance reform proposals relating to executive pay; strengthening the employee, customer, and supplier voice; and large, privately held businesses.
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Beyond the investigation: Monitoring for retaliation
An organization cannot have a speak-up culture if its workers fear retaliation for coming forward. Learn to spot the telltale signs of retaliatory culture before it poisons the well.
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U.K. officials talk enforcement, cooperation, more
At the 35th Cambridge Symposium on Economic Crime, British government officials provided valuable insight on regulatory priorities and how to stay right under the eyes of the law.
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The classic post-scandal question to auditors: What happened in the black box?
When investors decry the black box of public company auditing, asking for more visibility, they’re referring to cases like KPMG’s audit work at Wells Fargo.
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CEO pay went down in 2016, but why?
Average CEO pay in the FTSE 100 went down 17 percent last year, but was it because of poor performance or the rising tide of public demands for lower executive compensation overall?
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SEC’s controversial pay ratio rule still alive and problematic
The SEC’s rule requiring companies to disclose the ratio between CEO and average worker pay persists despite much pushback from business and government alike.
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‘Lone wolf’ terror attacks pose a challenge for financial detectives
Following 9/11, laws and compliance rules were leveraged to “follow the money” and disrupt terror plots. But can those efforts intercept “lone wolf” attacks?
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Court deals setback to prosecutors in cross-border cases
In an age of increasing cross-border investigations, especially concerning FCPA violations, the use of compelled testimony, even when legally obtained, can derail a U.S. prosecution.
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Everybody owns compliance
You don’t have to be an explosives technician or a Presidential bodyguard to be a great compliance, risk, and ethics officer, but it sure does help. Just ask Darin Goodwiler of the CFA Institute.
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FOR: Neither admit nor deny
Allowing firms to enter into consent judgments without having to admit material facts or liability prevents excessive disruption of the regulatory/enforcement framework. Read more from Paul Weiss litigators Brad Karp and Susanna Buergel.
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AGAINST: Neither admit nor deny
Allowing defendants to settle cases without admitting or denying guilt deprives the public of transparency and accountability. The Honorable Judge Jed Rakoff for the United States District Court explores below.
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FASB’s new hedging standard opens door to new strategies
Companies have yet another new accounting standard from the Financial Accounting Standards Board to adopt, but this time they can’t wait to get started.
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Corporate philanthropy at its finest
In the wake of Hurricane Harvey, many of the companies we might normally cover concerning compliance and risk issues made headlines for far better reasons: their generosity.
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MiFID II is on the way and U.S. firms should pay close attention
As the slate of EU financial regulations known as MiFID II goes into effect in January, U.S. firms may be rudely awakened by new transparency demands, real-time reporting requirements, and “research unbundling” rules.
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Federal Reserve rethinks oversight by bank boards
A Federal Reserve proposal seeks to streamline the expectations placed upon bank directors. Will it help ease their burden, or create a confusing new regime?
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FRC consults on strategic report
The FRC has proposed amendments to strategic reporting guidance in the hopes that companies will expand their range of non-financial reporting to give stakeholders a better understand of companies’ decision making and corporate strategies.
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Is it impossible to operate cleanly in some countries?
Corruption may be seen as being “endemic” in some regions, but that cuts no ice with prosecutors in the United Kingdom. To them, a bribe is still a bribe.
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Distilling lessons from the uptick in FCPA declinations
As the number of FCPA declinations is up, all indicators point to a general desire on the part of the DoJ and SEC to clear out old cases and re-evaluate which ones to pursue.
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The law is taking a bite out of the Gig Economy
A spate of recent court decisions underscores the ongoing erosion of the Gig Economy’s model of independent contractors free from benefits, protections, or obligations.