- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The new Republican majority in Congress launched its first strike against the Dodd-Frank Act last Wednesday, passing a bill that offers banks a semi-reprieve from the Volcker Rule and exempts small companies from filing financial statements tagged in XBRL. The legislation now moves to a Senate vote and is likely ...
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Image: For all the political controversy still surrounding the Volcker Rule, its biggest compliance obligation—implementing new controls and training to root out forbidden trading—has a looming deadline in July. “You’ve got to build an infrastructure,” says David Freeman of the law firm Arnold & Porter. “That’s a bigger effort than ...
The Supreme Court rejected a claim that the Consumer Financial Protection Bureau’s funding mechanism is unconstitutional, removing a legal challenge that had the potential to overturn all the agency’s regulations and enforcement actions.
Federal regulators adopted a notice of proposed rulemaking on incentive-based compensation requiring large banks to make their executive compensation arrangements “more sensitive to risk.”
