Appointment Blogs | Compliance Week – Page 259
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SEC Commissioners Want New Rules for Transfer Agents
In an increasingly rare display of unity among members of the Securities and Exchange Commission, they say that the Commission needs to dust off decades-old rules for transfer agents. New requirements could include requiring agents to be appropriately insured, properly disclosing conflicts of interest; and being subjected to more robust ...
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MetricStream, Everbridge Partner to Provide Disaster Recovery Service
MetricStream, a GRC Management Apps provider, this week announced that it is integrating MetricStream's Business Continuity Management (BCM) App with the Everbridge Unified Critical Communications platform to provide users with an integrated communication management capability that supports the end-to-end disaster recovery process. More inside.
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Société Générale to Pay $17.8 Million Under Swiss Bank Program
The Justice Department announced that two more banks—Société Générale Private Banking and Berner Kantonalbank—have reached a resolution under the Swiss Bank Program, which provides a means for Swiss banks to resolve potential criminal liabilities in the United States. Société Générale will pay a $17.8 million penalty, Berner Kantonalbank a $4.6 ...
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MassMutual Names Deputy General Counsel
Massachusetts Mutual Life Insurance Company (MassMutual) has appointed Dominic Blue as deputy general counsel, effective immediately. he reports to Executive Vice President and General Counsel Mark Roellig. Details inside.
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McGladrey Adopts New Name: RSM
McGladrey announced this week that it will adopt RSM as a common brand name, uniting with fellow firms of its global network RSM International, a network of independent audit, tax and advisory firms, encompassing over 110 countries, 730 offices and more than 37,500 people internationally.
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Campbell Soup Company Names General Counsel
Campbell Soup Company has appointed Adam Ciongoli as general counsel, effective July 13. He will report to Campbell’s President and Chief Executive Officer Denise Morrison, and will responsible for Campbell’s legal, corporate secretary, and government relations activities and will be a member of the Campbell Leadership Team. More inside.
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Former Federal Regulator Offers Consulting Services for Wolters Kluwer
Former federal regulator Sandra Braunstein will provide compliance management and Community Reinvestment Act consulting services to the U.S. banking clients of Wolters Kluwer Financial Services. In April 2014, Braunstein retired from her role as director of the Federal Reserve Board’s Division of Consumer and Community Affairs after nearly 27 years ...
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Prolifics Launches Banking Regulation Compliance Solution
Prolifics, a global technology solutions provider, this week announced the launch of its new Banking Regulations Compliance solution. The Prolifics Banking Regulations Compliance solution addresses Enhanced Prudential Standards, Dodd-Frank, Capital Planning, and Basel BCBS 239 regulatory mandates for financial institutions. More inside.
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IRS Ponders Tax Issues of New Revenue Recognition Rules
The Internal Revenue Service is asking for comments on how the new revenue recognition accounting standards will affect tax reporting. Tax rules require companies to secure permission from the IRS if they are making accounting method changes for federal income tax purposes, so the agency is now growing concerned over ...
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MDC Partners Enhances Corporate Governance
MDC Partners, a holding company, this week announced several enhanced corporate governance measures and improved compensation practices. MDC Partners' board of directors conducted a detailed review of its governance structure and best practices, and adopted a number of important measures. Details inside.
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Another Legal Head at Barclays Resigns
Barclays announced that Michael Shaw, deputy group general for Barclay's Banking Group, will be leaving his post at the end of September to pursue other interests after six years with the bank. Since the start of last year, a spate of other legal executives have the left Barclays as it ...
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SEC Judge RSVP's 'No' to Commission's Invitation to Submit Affidavit
On June 4, 2015 the SEC issued an unusual order inviting one of its ALJs to file an affidavit addressing whether he has experienced any pressure to find in favor of the SEC in his cases. This week, the ALJ declined to do so, effectively RSVP'ing "no" to this "invitation."
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Technology-Assisted Review Gains Steam to Aid Discovery
Image: The use of technology-assisted review to accelerate document-laden legal proceedings is picking up, with courts, regulators, and plaintiffs alike wanting to resolve disputes more efficiently and more accurately. David Remnitz, a forensic technology leader for EY who helped author a handbook on the practice, says there’s been a huge ...
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Comcast Appoints Corporate Controller
Global media and technology company Comcast has appointed Daniel Murdock as corporate controller. Murdock joins Comcast from the Securities and Exchange Commission. Details inside.
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Rebuilding FIFA Starts With Good Governance
Transparency International is calling for governance reform at the scandal-ridden football organization, Fédération Internationale de Football Association. TI says that restoring public trust won’t be an easy win for FIFA, but the global football association can set an example by rebuilding its governance structure and instituting independent non-executive directors and ...
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Prosecutors Search Deutsche Bank Head Offices in Tax Fraud Probe
Deutsche Bank took another blow this week after law enforcement officials searched the bank’s headquarters amid suspicions of tax fraud relating to client securities transactions. The practice, known as “dividend stripping,” has once again placed the largest German lender under the regulatory spotlight. Details inside.
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OCC: Cyber-Security Priorities for 2015
Comptroller of the Currency Thomas Curry last week provided an overview of the top cyber-security priorities that the Office of the Comptroller of the Currency will be focusing on for the remainder of 2015. These priorities include the release of a new cyber-security assessment tool that financial institutions can use ...
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Arthur J. Gallagher Names Chief Risk Officer
Arthur J. Gallagher, the international division of Arthur J. Gallagher & Co., a global insurance brokerage and risk management services firm, has appointed Carol Richmond as chief risk officer. In this role, she will oversee the management of risk and exposure across the division and ensure that all legal and ...
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Former KPMG Partner Scott London out of prison, back to work
Scott London—the former KPMG partner who pleaded guilty to insider trading in June 2013 and was sentenced to serve 14 months in prison in April 2014—is out of prison and back to work. London is now employed as the assistant to the CFO of a computer company.
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Regulators Finalize Dodd-Frank Diversity Policies
Under a Dodd-Frank Act requirement, federal banking regulators, the SEC, and the Consumer Financial Protection Bureau have issued a formal policy for assessing the diversity policies and practices of the entities they regulate. The regulators call for a “model assessment” that would include a self-assessment by each covered entity of ...