All Compliance Week articles in Web Issue – Page 1112
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BlogSFO: Former Petrofac executive pleads guilty in bribery case
A former executive of Petrofac pleaded guilty this week to bribery offenses in connection with an ongoing investigation by the U.K. Serious Fraud Office into the oilfield services company and its subsidiaries.
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ArticleNYDFS: Implementation deadline for cyber-security regulation approaching
The final implementation period for the New York Department of Financial Services’ landmark cyber-security regulation ends March 1, meaning that DFS-regulated entities and licensed persons covered by the regulation must be in full compliance by that time.
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Fed moves to make stress tests less stressful
The Federal Reserve Board on Tuesday finalized changes to its stress testing program for the nation’s largest and most complex banks. The intent is to make the resiliency assessments “more open, transparent, and effective.”
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Privacy violations surge despite Europe’s tougher regs
A steep uptick in potential privacy violations has hit Europe, eight months after it issued stringent data privacy regulations.
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Cavco Industries appoints chief compliance officer
Cavco Industries, a designer and builder of systems-built structures, has appointed Mickey Dragash as executive vice president, general counsel, corporate secretary, and chief compliance officer, effective as of Feb. 6.
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Critics blast CFPB’s plan to weaken payday lender rules
Critics are taking their shots against the CFPB for attempting to scale back its rules covering payday lenders. Lawmakers are also questioning the Bureau’s retreat from negotiating enforcement settlements that fail to include monetary restitution for customers.
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ArticleGerman competition authorities take Facebook to task
Germany’s competition regulator has cited Facebook for forcing consumers to give blanket approval to the social media giant’s terms and conditions without being privy to how and how often their data is actually being shared.
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LeaseAccelerator app automates testing of leases
Software provider LeaseAccelerator has developed an application called the Lease Accounting Validator that automates the testing of leases under the new ASC 842 and IFRS 16 standards.
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EY holds fast to U.S. audit model; PwC silent
EY may be taking steps to draw a broader line between audit and consulting services in the U.K., but the U.S. firm has no such plans. Meanwhile, PwC is silent.
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PodcastMary Gentile on values-driven leadership
Mary Gentile, director and creator of Giving Voice to Values, joins columnist Tom Fox to discuss the benefits of a values-driven approach to leadership development.
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FASB preps CECL edit to allow more fair value
To make it easier for companies to adopt CECL for credit losses, FASB is considering a change that would permit more use of fair value.
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Companies push back against proposed deposition rule
A proposed new change to the Federal Rules of Civil Procedure governing depositions that would effectively create time-consuming and costly new discovery disputes has companies and their defense counsel up in arms.
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SWIFT to open KYC platform to corporates
SWIFT announced the scheduled opening of its Know Your Customer platform, The KYC Registry, to corporates.
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SAI Global to acquire BWise from Nasdaq
Risk management and compliance learning provider SAI Global announced it has entered into an agreement with Nasdaq to acquire software provider BWise.
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K2 Intelligence adds new managing director
Cyber defense services firm K2 Intelligence announced the hiring of Michelle Goodsir as a managing director in its global regulatory compliance practice.
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BlogReport: How to engage with investors on sustainability issues
A new report released by sustainability nonprofit organization Ceres provides a deeper look into investors’ evolving expectations on how companies should communicate and tackle the challenges and opportunities presented by global sustainability issues, including climate change, water scarcity, and human rights.
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White House jumps on AI bandwagon
Jumping into an arena the private sector has trailblazed, the federal government is redoubling its efforts regarding the development of artificial intelligence. On Feb. 11, President Trump announced a new initiative intended to help the U.S. gain dominance in deployments of the emerging technology.
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Legislators question bank merger, Fed’s approval process
SunTrust Banks and BB&T Corp. recently announced merger plans. The deal is drawing the scrutiny of Congressional Democrats, less for the details of the merger than the regulatory atmosphere that encouraged it and the forthcoming approval process.
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BlogMolson Coors recalls bad batch of earnings figures
After discovering a bad batch of accounting, Molson Coors Brewing Co. has restated financials back to 2016 to unravel improperly reported earnings.
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Big Four: Please don’t break us up
An in-depth look at responses to the Competition and Markets Authority proposals to reform the U.K. audit market.