Articles | Compliance Week – Page 171
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Reinvigorated British PM Johnson pushes for January Brexit
U.K. Prime Minister Boris Johnson gained a majority in Parliament on Thursday, meaning there could finally be an end in sight for Brexit.
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ArticleWells Fargo’s new TPRM head looked to Theranos for lessons
At CW’s Third-Party Risk Management and Oversight Summit, the head of Wells Fargo’s global TPRM group took a few pages out of biotech startup Theranos’ book to shed light on what not to do when building a risk culture.
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ArticleLife after LIBOR: Shell throws weight behind SOFR
Royal Dutch Shell has announced the signing of one of the world’s first credit facilities linked to the new Secured Overnight Financing Rate.
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ArticleInternational banking regulator: Big Tech ‘may pose risks to financial stability’
Big technology firms like Amazon, Facebook, Twitter, and Google are a potential risk if they get more heavily involved in providing financial services, says the Financial Stability Board.
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ArticleWADA mess: Sports regulator’s light touch sends bad compliance message
One of sports’ key enforcement agencies handed out a penalty this week that sent a message no regulator wants to send: Punitive action may only come after the guilty party has already reaped the rewards.
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ArticleFormer FCPA chief’s 7 steps to third-party compliance
Speaking at CW’s Third-Party Risk Management and Oversight Summit, former FCPA Unit chief Kara Brockmeyer called attention to recent enforcement actions against Walmart and Ericsson as a way to highlight seven steps to third-party compliance.
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ArticleListen to your mom … and 15 other reasons to attend CW2020
Compliance Week quoted everyone’s original compliance officer (mom, of course) in running down 15 reasons why you should attend CW’s 15th annual National Conference.
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ArticleSEC’s Clayton: Talk of whistleblower cap ‘misguided’
Amid controversy surrounding proposed changes to the SEC’s whistleblower program, Chairman Jay Clayton continues to stress any adjustments won’t include a cap on awards.
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ArticlePCAOB CAMs report: Goodwill, revenue recognition lead way
Goodwill and other intangible assets and revenue recognition are among the most frequently communicated critical audit matters, according to the Public Company Accounting Oversight Board’s first report on the new disclosure.
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ArticleLiabilities and equity, LIBOR among priorities for FASB’s Golden
In a speech Tuesday, FASB Chairman Russell Golden laid out the accounting areas he hopes to finalize changes to before his term ends June 30, 2020.
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ArticleMorgan Stanley fined $22.2M for manipulating bond prices
France’s financial market regulator has fined Morgan Stanley €20 million (U.S. $22.2 million) for manipulating the price of French and Belgian government bonds in June 2015.
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Article1 & 1 Telecom fined $10.6M for GDPR violations; company fights back
A German federal privacy watchdog has fined 1 & 1 Telecom €9.55 million (U.S. $10.6 million) for violations of the EU’s General Data Protection Regulation, but the company says it won’t accept the penalty.
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GoDaddy announces new accounting chief
Web hosting company GoDaddy disclosed to the SEC the appointment of Nick Daddario to serve as chief accounting officer and principal accounting officer.
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HSBC names chief risk officer amid leadership changes
HSBC Holdings, the parent company of HSBC Bank, announced the appointment of a new chief risk officer amid several executive changes.
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Score Media appoints CCO, general counsel
Score Media and Gaming, the company behind theScore sports app, announced the appointment of Josh Sidsworth as general counsel and chief compliance officer.
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Public Trust tabs new chief risk officer
New Zealand-based trustee services provider Public Trust announced the appointment of David Callanan to the newly created role of chief legal and risk officer.
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ArticleTreasury sanctions 18 individuals connected to human rights abuse
The Office of Foreign Assets Control has added 18 individuals across six geographies to its Specially Designated Nationals list for their roles in serious human rights abuse. Six entities have also been added to the list.
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Swedbank announces governance overhaul, launches culture probe
Swedbank CEO Jens Henriksson announced the financial institution is making some major organizational changes “to create simpler and clearer decision-making structures to facilitate the realization of the bank’s strategy.”
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ArticleAsk Amii mailbag: 8 tips for workplace time management
Too many meetings, too little time? In the latest edition of the Ask Amii mailbag, executive coach Amii Barnard-Bahn offers tips on how to reset your corporate calendar and better prioritize your time.
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Motorcar Parts of America names accounting chief
Motorcar Parts of America announced the promotion of Kamlesh Shah to chief accounting officer. Shah succeeds Kevin Daly, who will serve as vice president, operational accounting.