All Compliance Week articles in Web Issue – Page 211
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Article
New York law provides LIBOR fallbacks as rate nears end
A new law in New York provides contracts that reference LIBOR with a fallback provision and safe harbor once the benchmark interest rate permanently ceases to be published at the end of the year.
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Article
SFO launches fraud investigation into Buy2Let Cars owner
The U.K. Serious Fraud Office announced a fraud investigation into car leaser Buy2Let Cars and several other companies operated by Raedex Consortium. Further details are expected next month.
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Article
SEC whistleblower head Jane Norberg to depart
The head of the Securities and Exchange Commission’s whistleblower program, Jane Norberg, will leave her post later this month.
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Article
Facebook’s new leak: Assessing its liability under the GDPR
Old personal data of more than 533 million Facebook users was recently made publicly available on a hacker forum. Could the social media giant face a new investigation under the GDPR in response?
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Article
Accounting considerations for companies merging with SPACs
The Securities and Exchange Commission recently reinforced its focus on the importance of corporate governance and financial reporting by special purpose acquisition companies (SPACs).
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Video
Video: Deutsche Bank, Credit Suisse, and combining risk and compliance
Aly McDevitt and Kyle Brasseur assess changes in compliance and risk management functions at Deutsche Bank and Credit Suisse in light of recent scandals at each bank.
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Article
Petal appoints chief compliance officer, general counsel
Credit card startup Petal announced the appointment of former CFPB official Elizabeth Corbett as general counsel and chief compliance officer.
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Article
Irish DPC seeking answers on Facebook breach
The Irish Data Protection Commission has reached out to Facebook seeking to determine whether the social media giant’s weekend data breach should receive scrutiny under the General Data Protection Regulation.
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Article
Data breach disclosures drop in 2020, report says
Cyber-breach disclosures in 2020 were down 19 percent from 2019—the first drop in the statistic in five years, according to a new report from Audit Analytics.
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Article
Mr. Cooper Group names new chief risk and compliance officer
Mr. Cooper Group, a home loan service provider, announced the appointment of Kurt Johnson as executive vice president and chief risk and compliance officer.
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Article
Italian DPA fines Fastweb $5.3M under GDPR for aggressive telemarketing
The Italian Data Protection Authority announced a fine of €4.5 million (U.S. $5.3 million) against telecommunications company Fastweb for misusing customer data for telemarketing purposes.
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Article
Credit Suisse compliance chief steps down in Archegos collapse aftermath
Credit Suisse Chief Risk and Compliance Officer Lara Warner has stepped down from her role and left the company following the bank’s loss of an estimated $4.7 billion due to the meltdown of hedge fund Archegos Capital Management.
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Article
Michaela Ahlberg: Building a compliance program amid an FCPA probe
Michaela Ahlberg created a compliance program from scratch when she was hired by Swedish telecom Telia following allegations of corruption in its foreign business dealings. She shared what she learned with the audience at CW’s Financial Crimes virtual event.
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Article
More than a fad: The rise of the chief diversity officer
Protests calling for social justice over the last year have led to more companies appointing diversity, equity, and inclusion officers. The critical role the position plays alongside compliance cannot be overstated, writes Jaclyn Jaeger.
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Article
Ask a diversity officer: Creating a diversity, equity, and inclusion program
We asked seven prominent diversity leaders across a multitude of industries to share one key message or words of advice for other companies as it relates to creating a diversity, equity, and inclusion program.
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Article
Outgoing FinCEN head Kenneth Blanco to join Citi as financial crimes CCO
Kenneth Blanco has been tapped to lead a new financial crimes unit at Citi following his departure as director of the Treasury Department’s Financial Crimes Enforcement Network later this week.
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Article
IIA survey: COVID-19 impact on internal audit smaller than expected
The impact of the coronavirus pandemic on internal audit was not nearly as severe as it was for organizations overall, states a new report from the Institute of Internal Auditors.
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Article
Terminix names new chief accounting officer
Terminix Global Holdings, a pest management company, announced in a regulatory filing that John Mullen, vice president, controller and chief accounting officer, has left the company and been succeeded by Mary Hopkins.
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Article
Duke Energy names new chief accounting officer
Duke Energy has appointed Cindy Lee as vice president, chief accounting officer and controller, effective May 16.
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Article
Ex-CFTC Chair Heath Tarbert joins Citadel as chief legal officer
Heath Tarbert, former chairman of the Commodity Futures Trading Commission, has been named chief legal officer at Citadel Securities.