All Compliance Week articles in Web Issue – Page 565
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Blog
Responsibility under the FCPA: persons vs. systems approach
How your company considers Foreign Corrupt Practices Act violations will inform its response. Inside, FCPA blogger Tom Fox examines the differences between a persons versus a systems approach when it comes to tackling those violations.
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Blog
Podcast: How the CCO role is transforming in financial services
In the latest edition of the Compliance Week podcast we talk to Cynthia Dow, who leads the legal officers practice at Russell Reynolds Associates, an executive search consultancy. She was the author of a recent report, “How the Chief Compliance Officer role is Transforming Across Financial Services,” examining the changing ...
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Podcast
Podcast: How the CCO role is transforming in financial services
In the latest edition of the Compliance Week podcast we talk to Cynthia Dow, who leads the legal officers practice at Russell Reynolds Associates, an executive search consultancy. She was the author of a recent report, “How the Chief Compliance Officer role is Transforming Across Financial Services,” examining the changing ...
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Blog
Ericsson: Seven employees summoned in Greece corruption probe
Ericsson, a Swedish multinational communication technology and services company, recently disclosed that a Greek prosecutor has summoned seven current and former Ericsson employees in a preliminary investigation involving allegations of possible corruption. As Compliance Week previously reported, Ericsson this week also issued a statement confirming that it’s being investigated for ...
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Blog
SEC prevails again in latest circuit court challenge to APs
Constitutional challenges to the SEC’s use of administrative proceedings to carry out enforcement actions continue to find no success in federal circuit court. Last week, the Eleventh Circuit joined the three other circuits that have considered and rejected such challenges. More from Bruce Carton.
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Blog
New solution helps companies reclaim lost data
Ground Labs, a global security software company, announced the release of Enterprise Recon 2.0. The solution scans for 100 different data points and personally identifiable information, allowing organizations to protect critical information at every endpoint without relying on antiquated perimeter security methods.
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Blog
LockPath joins American National Standards Institute to provide ISO content
LockPath, a GRC solutions provider, announced that it is now a member of the American National Standards Institute (ANSI), the official U.S. representative to the International Organization for Standardization. LockPath will be working with ANSI to provide content for the dozens of ISO standards through its GRC solution, the Keylight ...
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Blog
Ericsson responds to FCPA probe
Ericsson, a Swedish multinational communication technology and services company, today issued a statement confirming that it’s being investigated for potential violations of the Foreign Corrupt Practices Act.
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Blog
CipherCloud unveils GDPR-ready cloud security solution
CipherCloud, a cloud security company, announced the availability of the industry’s first cloud security solution designed to help companies comply with the European General Data Protection Requirement (GDPR).
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Blog
Sen. Warren, Chair White and the circle of disappointment
At a hearing this week, Sen. Elizabeth Warren tried to hang her "disappointment" on SEC Chair Mary Jo White for the third time in 12 months. This time, to Sen. Warren's surprise, Chair White was ready to fight disappointment with disappointment.
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Blog
Lax controls—a cancer at one bank
Bill Winters, CEO of the U.K. bank Standard Chartered may have set a new precedent for taking a hard stance on ethics and compliance recently, when he penned an angry memo to 1,500 top managers announcing steps he has taken to “stamp out the cancer of complacency and lax controls” ...
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Blog
SEC proposes modernizing mining company disclosures
The latest step toward disclosure effectiveness: The SEC has proposed rules to modernize disclosure requirements for mining registrants and align them with global standards. The rules would rescind Industry Guide 7 and include the updated mining property disclosure requirements in a new subpart of Regulation S-K. More from Joe Mont.
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Blog
Flurry of bills and proposals seek regulatory reform
With the arrival of summer, battles over the U.S. regulatory regime are heating up. Earlier his month, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) unveiled a plan “to replace the Dodd-Frank Act.” It is now supplemented by a slate of “economic growth bills” approved by the Financial Services Committee ...
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BlogEU moves forward on conflict minerals framework
European Union officials have agreed on a regulatory framework regarding “conflict minerals” and the responsible sourcing of tin, tantalum, tungsten, and gold. It includes obligations for the “upstream” part of the conflict minerals supply chain, including smelters and refiners, but exempts imports of finished products. Joe Mont reports.
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Blog
FASB finalizes new rule to accelerate recognition of loan losses
FASB has finalized its long-awaited standard giving companies a new, more forward-looking way to account for credit losses in their portfolios. The standard will require companies to reflect expected credit losses on financial assets based on their historical experience, current market conditions, and even forecasts. Tammy Whitehouse has an in-depth ...
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BlogBrexit: ‘Don’t leave me this way’
“Don’t leave me this way,” screams a headline from Dutch daily Algemeen Dagblad. The Netherlands fears Britain’s exit will be bad for its reputation. Paul Hodgson reports.
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Blog
Fannie Mae names chief audit executive
Fannie Mae has appointed J. Douglas Watt as chief audit executive, effective July 11. Watt joins Fannie Mae from GE Capital, where he was managing director and audit executive for the Americas.