All Compliance Week articles in Web Issue – Page 621
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ArticleNew effort to repeal, replace Dodd-Frank Act is most ambitious yet
One of the most vigorous assaults yet on the Dodd-Frank Act came on June 7 from House Financial Services Committee Chairman Jeb Hensarling (R-Texas). Joe Mont looks at the implications of Hensraling’s Financial CHOICE Act, his plan “to replace the Dodd-Frank Act and promote economic growth.”
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Blog
Court rules SEC need not reimburse deponents for 'bacchanalian adventure'
Bacchus is the Roman god of wine and intoxication (equated with the Greek Dionysus). "Bacchanalia," or orgies in honor of Dionysus, were introduced in Rome around 200 BCE but eventualy got so out of hand that they were forbidden by the Roman Senate in 186 BCE. Roughly 2,000 years later, ...
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Blog
FASB proposes guidance on how to reflect non-financial asset shed
FASB is offering yet another accounting proposal meant to help smooth over implementation of the new revenue recognition standard. The change would apply to an area of the Accounting Standards Codification that was amended to comply with the new revenue standard in order to aid compliance with the rules around ...
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Blog
SEC issues order permitting Inline XBRL
The SEC is now allowing companies to comply with their XBRL filing requirement by integrating tagged data into HTML filings, hopeful that companies will take advantage of the voluntary allowance to improve the quality of data and perhaps even reduce the cost of compliance. Tammy Whitehouse has more.
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Blog
David Gelfand returns to Cleary Gottlieb
David Gelfand, formerly the Deputy Assistant Attorney General for Litigation of the Antitrust Division of the Department of Justice, will return to the law firm Cleary Gottlieb Steen & Hamilton as a partner in July.
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Blog
On the myth of the ‘rogue employee’
Companies often use the myth of the “rogue employee” to try and absolve themselves from liability. But organizational wrongdoing is rarely the work of just one person, says FCPA blogger Tom Fox. More from Fox inside.
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Blog
Of shell companies, law firms, and the FCPA
An interesting development in the continued fallout from the Panama Papers may portend a new trend in Foreign Corrupt Practices Act enforcement. Tom Fox takes a look at NML Capital’s lawsuit against Mossack Fonseca for obstruction of justice.
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Blog
Telos expedites secure and compliant cloud deployments on AWS Cloud
Telos, a provider of continuous security solutions and services, has added enhancements to its Xacta IT GRC product suite to help customers quickly and effectively demonstrate and document security compliance using the Amazon Web Services (AWS) Cloud, leading to faster approvals to operate (ATO).
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Blog
Gresham Clareti ARM offers advanced remittance advice capability
Gresham, a provider of real-time financial transaction control and enterprise data integrity solutions, added upgrades to its Account Receivables Management (Clareti ARM) offering. The proven “white label” technology, which enables banks to offer receivables management services to their corporate customers, can now receive and process remittance advices, whether in e-mail, ...
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Blog
Rapid7 Nexpose Now offers live exposure management
Rapid7, a provider of security data and analytics solutions, announced Rapid7 Nexpose Now, a major enhancement to its vulnerability management solution that gives customers access to live risk and exposure updates as IT environments change.
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Blog
More time, cost required in 2015 to comply with SOX, survey says
A majority of the 1,500 companies polled by Protiviti said the number of hours they devoted internally to Sarbanes-Oxley compliance in 2015 increased by more than 10 percent. Tammy Whitehouse has more study results inside.
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Blog
Deadline extended for foreign bank resolution plans
The Federal Reserve Board and the Federal Deposit Insurance Corporation have granted four foreign banking organizations additional time to submit their next resolution plans. Previously, Barclays, Credit Suisse Group, Deutsche Bank AG, and UBS were required to submit their next plans on July 1, 2016, a deadline now bumped up ...
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Resource
How technology transforms third-party risk management
Read this practical guide that outlines the four key TPRM processes to adopt, and how a Lean Digital approach successfully embeds digital technologies through design thinking methods and Lean principles.
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Blog
With latest $17 million, SEC whistleblower award firehose remains on full blast
Today, the SEC announced yet another blockbuster whistleblower award--more than $17 million to a former company employee who the SEC credited with submitting a detailed tip that "substantially advanced the agency’s investigation and ultimate enforcement action." In the past month alone, five whistleblowers have received a total of more than ...
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Blog
SEC adopts rules for efficiency of securities-based swaps
The Securities and Exchange Commission has adopted new rules that establish “timely and accurate” trade acknowledgment and verification requirements for security-based swap entities and their transactions. The rules are designed “to promote the efficient and effective operation of the SBS market.” Joe Mont reports.