- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Randal Quarles, a Federal Reserve governor and its vice chairman for supervision, has been appointed as the new chairman of the international Financial Stability Board.
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TD Bank will pay nearly $3.1 billion in penalties to four U.S. regulators to settle charges that it “chose profits over compliance” when it allowed three money laundering networks to filter more than $670 million in dirty money through the company.
Federal banking regulators approved a new rule for bank mergers that will require additional scrutiny of mergers for antitrust issues for large and mid-sized banks.
Facing intense pressure from the banking industry, the Federal Reserve Board may scale back two controversial rule proposals aimed at reducing risks of bank failures in the event of a market downturn.
