All Compliance Week articles in Web Issue – Page 621
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Blog
FINRA issues first cross-market report cards
The Financial Industry Regulatory Authority has launched new, monthly “cross-market equities supervision report cards,” aimed at helping firms identify and halt potential manipulation, including spoofing and layering activity.
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Reval and SWIFT announce partnership
A new agreement reached between SWIFT and Reval means that corporate treasury teams using the Reval Cloud Platform for automated cash and liquidity management can now join the SWIFT messaging network to connect their bank accounts anywhere in the world.
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SEC nominee confirmation watch: Nothing to see here!
Three more weeks have now passed since a supposedly "routine" April 7 vote in Congress to approve SEC commissioner nominees Lisa Fairfax and Hester Peirce was abruptly terminated without a vote even taking place. Surely the Senate has gotten its act together by now to confirm (or not) President Obama's ...
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GM names new chief compliance officer
General Motors has appointed Jeffrey Taylor as deputy general counsel and chief compliance officer, effective immediately. He will report to Craig Glidden, executive vice president and general counsel.
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Retail Properties of America names general counsel and corporate secretary
Retail Properties of America has appointed Paula Maggio as general counsel and secretary. She will succeed Dennis Holland, who previously announced that he would be retiring on June 30.
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Centene names chief accounting officer
Centene, a multi-line healthcare enterprise providing services to government-sponsored healthcare, has appointed Christopher Isaak to corporate controller and chief accounting officer, effective immediately.
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FASB extends planned effective date for new loan loss rules
FASB is delaying the implementation date of its “current expected credit loss” model for how entities should give investors some early warning that debt instruments are not performing as anticipated. The board expects to publish the finished rule in June.
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Time to revise your employee training and policies
New regulations passed in California require stringent new standards governing the prevention of harassment, discrimination, and retaliation in the workplace. What’s more, says reporter Jaclyn Jaeger, they appear to mirror a broader regulatory trend at the federal level.
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ArticlePreparing your company for a dawn raid
Knowing what to expect in the event of a dawn raid and how to respond will help ensure not only that employees cooperate during an investigation, but also that the legal rights of the company remain protected. Jaclyn Jaeger explores how to avoid any missteps that can damage a company’s ...
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Oxfam’s Big 10 food companies: progress, but more to be done
An Oxfam report ranking the “Big 10” on seven core issues says firms need to ensure suppliers change their practices to align with commitments; adopt supply chain business models that guarantee power reaches those who produce ingredients; and more. Paul Hodgson has the score.
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Proposed rule extends big bank liquidity demands
A busy day for bank regulators on Tuesday led to proposed rules dealing with new liquidity requirements, incentive-based compensation, and how small banks are assessed for deposit insurance. Joe Mont reports.
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FinCEN director stepping down
Jennifer Shasky Calvery announced this week that she will be leaving her position as director of the Financial Crimes Enforcement Network (FinCEN) at the end of May. Calvery has served as FinCEN’s director since September 2012.
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Revenue group gets stuck on two new implementation questions
FASB’s Transition Resource Group met recently to discuss revenue recognition implementation, but new questions were raised about whether there may be some lingering issues requiring more standard-setting attention from the board. Tammy Whitehouse has more.
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European Parliament opinion could delay Privacy Shield approval
An EU-U.S. privacy protection standard is supposed to gain approval in June, but concerns—namely with the U.S.’s ongoing surveillance efforts and mass data collection—could delay approval, leaving thousands of companies that rely on cross-border data transfers in legal limbo. David Bogoslaw explores.
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SEC plunges deeper into disclosure reform
Improving, modernizing, and perhaps even simplifying the SEC’s disclosure regime has long been the Holy Grail of securities law. And while help may be on the way with the SEC’s new Concept Release, reports Joe Mont, plenty of debate is sure to follow.
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FASB simplifies Topic 718 of the Accounting Standards Codification
Preparers have long wanted a simpler, easier, better kind of GAAP, especially when it comes to accounting for stock options and other share-based payments. Now, says CW’s Tammy Whitehouse, it looks like they are getting their wish.
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Investment companies prepare for fresh wave of cyber-scrutiny
Armed with Regulation S-P—the SEC’s go-to enforcement tool for cyber-security—regulators will soon begin a fresh wave of actions against investment advisers and broker-dealers who take a cavalier approach to their cyber-security responsibilities. Joe Mont reports.
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EU Privacy Shield hits snag
Somehow, U.S. and EU officials find themselves with a Privacy Shield proposal that both goes too far, and yet, not far enough. The Man From FCPA Tom Fox has more.
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In Brazil, accountability has to start somewhere
The effort to unseat embattled Brazilian president Dilma Rousseff is receiving criticism because it is really an effort by her even more corrupt rivals to grab power. While that may be correct, does it matter, asks Editor Bill Coffin. Or is it just a handy excuse for giving Rousseff and ...