- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jaclyn Jaeger2020-07-23T19:08:00
Found to be at fault for yet another wildfire last week, PG&E’s return from bankruptcy is off to a rocky start. A new reorganization plan at the company built around risk management and safety is key to avoiding a takeover by the state of California.
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Pacific Gas & Electric avoided criminal charges in agreeing to pay more than $55 million in civil contributions and penalties as part of a settlement in California regarding the utility company’s alleged role in the 2019 Kincade Fire and 2021 Dixie Fire.
PG&E Corp. is shaking up its management team, including the impending appointment of John Simon as executive vice president, general counsel and chief ethics & compliance officer.
A month after admitting guilt in the wildfire deaths of 84 Californians, PG&E announced organizational changes to its risk, audit, and safety leadership teams.
The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
Compliance departments at financial institutions must become more involved in ensuring their firm’s operational resiliency to address emerging risks, the Treasury Department’s Office of the Comptroller of the Currency said in its semi-annual risk perspective.
