All Rules & Proposals articles – Page 36
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Blog
SEC details 2017 examination priorities
The SEC has announced its Office of Compliance Inspections and Examinations’ priorities for the new year. Added areas of focus, writes Joe Mont, include electronic investment advice, money market funds, and the financial exploitation of senior investors.
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Article
What corporate meltdowns teach us about ERM
Joe Mont talks to Steven Minsky, CEO of LogicManager, about how disruptive technology demands that businesses practice better governance and enterprise risk management.
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Article
What to expect from Trump’s SEC nomination
President-elect Donald Trump’s pitch to head the SEC is Jay Clayton, a partner with Sullivan & Cromwell. Joe Mont fields reactions and looks for clues on how he might lead the agency.
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FinCEN gives guidance on sharing SARs
The Financial Crimes Enforcement Network has clarified when a casino can share Suspicious Activity Reports and to whom it can provide the information. Joe Mont reports.
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OCC details top bank risks, stresses compliance
The Office of the Comptroller of the Currency reports that strategic, credit, operational, and compliance risks remain top concerns for banks and other financial institutions. Joe Mont explores.
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FINRA details 2017 examination priorities
The Financial Industry Regulatory Authority has released its annual “Regulatory and Examination Priorities Letter,” an overview of areas it plans to focus on in 2017 exams. More from Joe Mont.
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CFTC chairman tenders post-election resignation
Timothy Massad, chairman of the Commodity Futures Trading Commission, has announced his departure from the agency, effective Jan. 20.
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Blog
President-elect Trump picks his SEC chairman
President-elect Donald Trump has announced the nomination of Jay Clayton to replace current Chairman Mary Jo White at the conclusion of her term. Clayton is currently a partner with Sullivan & Cromwell. Joe Mont has more.
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Article
Debate over SEC’s in-house courts could go to the Supreme Court
The SEC has fought off challenges to its in-house judges before, but new complaints that the Commission’s proceedings are unconstitutional might just stick. Joe Mont reports.
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ArticleNew York delays and dials back cyber-security rules
New York’s tough new cyber-security rules for financial institutions were supposed to start on January 1. Instead, a toned-down version is in the works. Joe Mont has more.
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Article
‘Name and shame’ campaigns may be a direct hit on the bottom line
A troubling sign of things to come: U.S. cities are finding a way to leverage SEC rules to boost tax rates. Joe Mont reports.
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CFPB highlights debt collection complaint statistics
With a slate of rules targeting the industry in the pipeline, the Consumer Financial Protection Bureau has released a tally of consumer complaints related to debt collection. More from Joe Mont.
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SEC’s investor advocate details 2017 priorities
With a focus on disclosure, corporate governance, and exchange listing standards, the SEC’s Office of the Investor Advocate has unveiled its work plan for 2017. Joe Mont has further details.
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Blog
Trump adds Icahn as a regulatory hatchet man
President-elect Donald Trump has added investor activist Carl Icahn to his transition team as a special adviser on issues relating to regulatory reform. Joe Mont has more.
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Blog
NY delays cyber-security rules for banks, will revise requirements
New York’s Department of Financial Services has delayed implementation of its new cyber-security rules for banks and plans to announce changes to the requirements next week. Joe Mont explores.
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Article
The night before Regulation XMAS
It ain’t easy being Santa. A rulemaking petition filed with the Securities and Exchange Commission could change that, reports Joe Mont.
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Article
U.S., like much of the world, still struggles with AML crackdowns
There was good news and bad news to be found in a recent review of the United States’ anti-money laundering efforts. Its failings add perspective to what are global challenges, says Joe Mont.
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Blog
Bookending post-crisis rules, Fed mandates long-term debt holdings
To improve resiliency and eliminate taxpayer bailouts, the Federal Reserve has approved new long-term debt and “total loss-absorbing capacity” requirements for big banks. Joe Mont reports.
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Blog
As states legalize pot, FinCEN urged to update guidance
A bipartisan team of U.S. senators is urging the Treasury Department to take further action to ensure that vendors working with legal marijuana businesses do not have their banking services taken away, writes Joe Mont.
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Blog
How to get a Volcker rule extension for illiquid funds
Banks have some new guidance on how to seek an extension for conforming their investments in "illiquid funds" to the Dodd-Frank Act's Volcker Rule. Joe Mont reports.