All Compliance Week articles in Web Issue – Page 582

  • Blog

    Is Weatherford under another FCPA investigation?

    2016-10-11T11:45:00Z

    A recent SEC announcement regarding a $140M penalty Weatherford paid to settle charges that it inflated earnings mentioned a continuing investigation. What’s curious, notes Tom Fox, is that those investigating are known for their work in FCPA enforcement.

  • Blog

    Was the GlaxoSmithKline FCPA resolution a missed opportunity?

    2016-10-11T11:30:00Z

    Tom Fox questions whether U.S. regulators missed a chance to illustrate how they would give credit for anti-corruption prosecutions done by other governments in the case of GlaxoSmithKline’s China subsidiary’s recent FCPA resolution.

  • Blog

    Credit Suisse to pay $90M for misrepresenting performance metric

    2016-10-11T09:45:00Z

    Credit Suisse has agreed to pay a $90 million penalty and admit wrongdoing to the SEC to settle charges that the company misrepresented how it determined a key performance metric of its wealth management busines. Jaclyn Jaeger has more.

  • Blog

    Baylor University names chief compliance officer

    2016-10-07T13:00:00Z

    Baylor University has appointed Doug Welch, who has served as associate general counsel at the university since 2006, as chief compliance officer.

  • Blog

    Top CEO pay not always result of shareholder return

    2016-10-07T11:15:00Z

    Joe Mont explores new research from The Conference Board that says CEOs at the nation’s top companies have landed atop the list of the 25 highest paid executives every year since 2012, a trend that may have little to do with the price of company stock.

  • Blog

    FASB pushes change to accounting for long-duration insurance

    2016-10-07T10:30:00Z

    FASB has proposed a big change in accounting for insurance companies that deal in long-duration contracts like life insurance, annuities, disability, and long-term care. Tammy Whitehouse reports.

  • Blog

    CW to publish one day late

    2016-10-07T08:45:00Z

    Note: Compliance Week will publish one day late on Wednesday, Oct. 12, due to the Columbus Day holiday.

  • Blog

    Amid Hurricane Matthew, banks reminded of post-disaster best practices

    2016-10-06T13:15:00Z

    With Hurricane Matthew charting a destructive path aloong the U.S. coastline, the Office of the Comptroller of the Currency has some pre- and post-disaster guidance for affected banks. Joe Mont reports.

  • Blog

    OCC crafts guidance on correspondent banking risk

    2016-10-06T12:30:00Z

    The Office of the Comptroller of the Currency has issued risk management guidance that addresses periodic reevaluations of the risks associated with foreign correspondent banking accounts. More from Joe Mont.

  • Blog

    Illinois is latest state to ban business with Wells Fargo

    2016-10-06T11:45:00Z

    Illinois State Treasurer Michael Frerichs has suspended $30 billion in investment activity with Wells Fargo, joining California in taking punitive actions against the bank in response to its recent troubles.

  • Blog

    Say goodbye to 'Tandy' language in comment letters

    2016-10-06T11:15:00Z

    Tandy representations—an attestation that comment letter reviews by SEC staff cannot be used as a legal defense—are no longer needed in filings, according to new guidance from the Division of Corporation Finance.

  • Blog

    CAQ gives auditors some year-end planning tips

    2016-10-05T14:15:00Z

    Companies beginning to prepare for year-end audits can get a sense of what might be on their auditors’ minds through a new alert from the Center for Audit Quality. More from Tammy Whitehouse.

  • CorporateCulture
    Article

    U.K. debate on corporate culture rolls on

    2016-10-05T13:45:00Z

    U.K. corporate culture has remained largely unchanged since the financial crisis, but a variety of forces are aiming to change that, and soon. Neil Hodge reports.

  • Blog

    CFPB extends its reach to prepaid products

    2016-10-05T13:45:00Z

    Joe Mont looks at new CFPB rules for prepaid financial products—including innovative online and mobile offerings from PayPal, Google, and Apple—that will require enhanced customer protections.

  • Blog

    IoD rates FTSE 100’s corporate governance

    2016-10-04T17:00:00Z

    Paul Hodgson looks at results from the Institute of Directors’ recent survey that ranks the FTSE 100’s corporate governance methodologies. See who scored highest and who has more room for improvement.

  • Article

    New SEC rules for securities clearing agencies may benefit EU banks

    2016-10-04T16:30:00Z

    The SEC’s new rules for enhanced operational and governance standards for systematically important securities clearing agencies might just save EU banks billions of dollars in capital surcharges. Joe Mont reports.

  • Blog

    AICPA issues 7 new drafts on revenue recognition questions

    2016-10-04T16:30:00Z

    Tammy Whitehouse looks at the AICPA’s seven new working drafts to address some of the hardest revenue recognition questions in software, telecommunications, and other sectors.

  • Blog

    CFPB updates exam procedures for Military Lending Act

    2016-10-04T14:45:00Z

    The Consumer Financial Protection Bureau has announced the procedures its examiners will use when identifying consumer harm and risks related to the Military Lending Act. Joe Mont has more.

  • Blog

    Peapack-Gladstone Financial appoints chief accounting officer

    2016-10-04T14:30:00Z

    Peapack-Gladstone Financial, a bank holding company with total assets of $3.6 billion as of June 30, and Peapack-Gladstone Bank has appointed Francesco Rossi as senior vice president and chief accounting officer of the company and the bank.

  • Blog

    Cognizant self-discloses FCPA investigation

    2016-10-04T14:00:00Z

    Cognizant Technology Solutions said in a recent regulatory filing that it is conducting an internal investigation to determine whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act.