Financial Regulatory Forum

INSIGHT: In a regulatory era, small U.S. banks are getting some relief

September 8, 2016

(Thomson Reuters Regulatory Intelligence) – While the regulatory pendulum has swung toward the “more” side since since the advent of Dodd-Frank Act in 2010, a relatively new – and less noticeable — counter-trend has emerged toward addressing complaints by smaller banks of disproportionately heavy regulation. (more…)

As compliance demands more technology, here’s one approach to reporting

February 10, 2016

As financial compliance grows ever more dependent on analytical tools and automated processes, a look at one approach can help illustrate the challenges and the strategies for meeting the demands of a new era.

IA Brief: Year-end chores list: do what you say

December 15, 2015

The looming turn of the calendar offers a good occasion for investment adviser compliance officers to make good on their promises.

COMMENTARY: ‘Get tough’ law enforcement needs ‘get tough’ governance, too

September 23, 2015

By Scott McCleskey, Regulatory Intelligence Expert

NEW YORK, Sept. 23, 2015 – The U.S. Justice Department’s initiative to focus on individual culpability in corporate crimes is long overdue and holds the potential, if vigorously pursued, to put teeth into efforts to enforce the law by deterring criminal activity. There are costs and perils to this approach, but the continuing litany of corporate misbehavior despite rising corporate fines suggests that other approaches have been less than effective. (more…)

U.S. compliance salary report: More jobs, higher pay, but post-crisis boost is limited

May 29, 2014

By Emmanuel Olaoye and Stuart Gittleman, Compliance Complete

NEW YORK, May 29, 2014 (Thomson Reuters Accelus) – The job market for compliance professionals is picking up. But the high fines and complicated investigations financial services firms face as regulators and enforcers sharpen their scrutiny after the 2008 financial crisis have had a limited impact on compensation trends, boutique recruiters and global firms told Compliance Complete.

In bid to punish individual, FinCEN pursued MoneyGram business leaders, but caught compliance chief – source

May 20, 2014

By Brett Wolf, Compliance Complete

NEW YORK, May 20, 2014 (Thomson Reuters Accelus) – Although investigators with Treasury’s anti-money laundering unit tried to identify a senior business leader at MoneyGram International Inc who could be penalized over the money transfer giant’s admitted compliance failures, available evidence left them only one viable target – the firm’s former chief compliance officer, a former official with firsthand knowledge of the investigation said.

“Super managers,” governance spotlighted in economist Piketty’s blockbuster capitalism critique

May 8, 2014

By Henry Engler, Compliance Complete

NEW YORK – May 8, 2014 (Thomson Reuters Accelus) – How much of a role have corporate boards played in rising income inequality in the United States, the UK and elsewhere?

Better career paths, new reporting lines as compliance gains status at banks – global report

March 20, 2014

By Bora Yagiz, Compliance Complete

NEW YORK, Mar. 20 (Thomson Reuters Accelus) – The increasingly important role compliance risk management plays in the banking sector is demonstrated in areas ranging from reorganized risk departments to clearer reporting lines and more rewarding career paths, according to a report by the financial consultancy Accenture.