All Compliance Week articles in Web Issue – Page 283
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Article
Proposed Volcker rule rollback gets pushback from agency leadership
Five federal agencies agreed that now would be a good time to ease restrictions on bank investments in hedge funds or private equity funds, triggering concern by some that the deregulation could be harmful. But is apprehension over the proposed Volcker rule relaxation overblown?
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Article
Practice Fusion to overhaul compliance after $145M kickback resolution
Practice Fusion will pay a total of $145 million to resolve criminal and civil investigations for its leading role in an opioid kickback scheme. Particularly notable are the new compliance obligations imposed upon it, which are as weighty and significant as the fine itself.
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Article
Study: Compliance officers in finance face ‘unnecessary risks’
Compliance officers in the financial services industry face “unnecessary risks” that undermine effectiveness and regulatory goals, according to a new report by the Compliance Committee of the New York City Bar Association.
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Article
Nasdaq names chief risk officer
American stock exchange Nasdaq announced Roland Chai will join the executive leadership team as chief risk officer.
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Article
Nordstrom discloses new accounting chief
Luxury retailer Nordstrom, in a filing with the Securities and Exchange Commission, announced the appointment of Michael Maher as chief accounting officer.
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Article
Fifth Third tabs new risk chief
Fifth Third Bancorp announced the appointment of Jamie Leonard as chief risk officer amid a recent leadership shuffle.
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Article
CAN Capital appoints general counsel, CCO
Financial services firm CAN Capital announced the appointment of Edward Dietz as chief compliance officer and general counsel.
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Article
Archax adds chief compliance officer
London-based digital securities exchange Archax announced it has appointed Alex Royle as its chief compliance officer.
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Article
Barings names principal accounting officer
Investment management firm Barings BDC announced the board of directors has appointed Elizabeth Murray as the company’s principal accounting officer.
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Article
First four ‘Excellence in Compliance Awards’ finalists revealed
Compliance Week is proud to announce its first four finalists for the “Excellence in Compliance Awards,” a newly formed program that recognizes individual achievement in one of 13 categories relating to risk and compliance.
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Article
FASB Q&A tackles revenue recognition implementation
Determining transaction price and identifying performance obligations are among the most challenging implementation issues in accounting for revenue recognition, according to recent guidance from FASB.
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Article
AirAsia on defense after Airbus-related bribery allegations
AirAsia is doing damage control after executives at the budget airline were referenced as recipients of a $50 million bribe from plane maker Airbus in the latter’s $4 billion global bribery settlement.
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Article
Germany’s dual approach to data regulation under the GDPR
Germany is staying ahead of the game with an advanced crackdown on data privacy and competition law violations.
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Article
Benefits of sustainability reporting: takeaways for accounting
A former FASB member and current board member at the Sustainability Accounting Standards Board offers tips to accountants facing a heightened investor interest in sustainability.
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Article
Boeing discloses SEC probe; toxic culture raises flags
Embattled aerospace giant Boeing is being investigated by the Securities and Exchange Commission, in addition to already facing scrutiny from the Department of Justice, following two plane crashes that happened less than five months apart.
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Article
Avast dissolves analytics arm following privacy scandal
Avast maintains it always acted “fully within legal bounds,” but the British cyber-security company terminated the provision of data to its analytics arm, Jumpshot, after being accused of putting users’ privacy at risk.
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Article
Spirit AeroSystems CFO resigns amid accounting probe
The chief financial officer and principal accounting officer at aerospace giant Spirit AeroSystems have resigned amid an ongoing accounting probe triggered by a compliance review.
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Article
Airbus resolves global bribery scandal for record $4B
Airbus has agreed to pay a total of $4 billion in penalties split between the United States, United Kingdom, and France—the world’s largest global resolution for bribery.
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Article
Kohler to pay ‘precedent-setting’ $20M over emissions violations
Kohler must pay a $20 million civil penalty in a settlement reached Thursday with the Department of Justice, Environmental Protection Agency, and state of California over alleged violations of the Clean Air Act and California law.