Articles | Compliance Week – Page 214
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ArticleFCA data shows firms with most consumer credit complaints
The U.K. Financial Conduct Authority published its latest complaints figures for regulated firms for the second half of 2018, revealing how some financial services firms are receiving significantly more complaints than others.
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Goodyear names general counsel
The Goodyear Tire & Rubber Company has named David Phillips senior vice president and general counsel, effective June 4.
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Commerce Bank names corporate controller, chief accounting officer
Commerce Bank has promoted Paul Steiner to corporate controller and chief accounting officer of Commerce Bancshares, effective immediately.
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Accuity launches AI-driven financial crime screening
Accuity, a provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, announced its AI-driven account screening capability, Firco Automated Alert Reduction.
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Lockpath adds templates to GRC platform
Integrated risk management solutions provider Lockpath announced the availability of templates within its governance, risk management, and compliance platform, Keylight Team Edition.
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FTI Consulting hire strengthens forensic accounting practice
FTI Consulting announced the appointment of Morgan Magionos as a managing director in the Forensic Accounting & Advisory Services practice within the firm’s Forensic & Litigation Consulting segment.
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ArticleFCA and the future of financial conduct regulation
Post-Brexit, FCA Chief Executive Andrew Bailey says the U.K. agency will take a “lower burden” regulatory approach than that of the European Union.
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ArticleOCIE issues risk alert on Regulation S-P
The SEC’s Office of Compliance Inspections and Examinations has issued a risk alert on Regulation S-P describing the most common deficiencies it has uncovered in recent examinations of both registered investment advisers and broker-dealers.
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Tesla to phase out four board members
Tesla disclosed in a filing with the Securities and Exchange Commission that four of its directors eventually will be phased out, reducing the size of its board to seven.
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ArticleWashington state privacy legislation fades, for now
The second proposed data privacy regulation in the nation has failed to come to fruition for the time being.
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ArticleFacebook appoints new general counsel
Facebook has appointed both a new general counsel and a vice president of communications as the social media giant faces mounting regulatory and public scrutiny—mostly around its privacy practices.
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ArticleBest practices for managing employee reports
A recent report from NAVEX Global offers a look at how the performance of ethics and compliance officers’ hotline and incident management systems stack up against their peers.
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MarketAxess appoints global chief risk officer
MarketAxess Holdings has appointed Oliver Huggins as global chief risk officer, effective April 15.
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Office Depot chief accounting officer to resign
Office Depot announced in a securities filing that Scott Kriss, who was appointed chief accounting officer last year, informed the company of his decision to resign “for personal reasons,” effective in June.
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ArticleCMA recommends major overhaul of U.K. audit market
The U.K. Competition and Markets Authority (CMA) has recommended reform of the audit market aimed at increasing quality and competition and breaking the stranglehold of the Big Four accounting firms.
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ArticleAudit committees advised: be cautious if PCAOB calls
The PCAOB wants to engage more directly with audit committees, but they may get a cool response from some audit committee members wary of the risks.
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ArticleAccounting class action filing still high, report says
Accounting class action filings in 2018 remained “uncharacteristically high,” according to the latest analysis by Cornerstone Research.
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FTI Consulting appoints bank regulation co-leader
FTI Consulting announced the appointment of Senior Managing Director Stella Mendes as co-leader of the financial services bank regulation and governance practice within the firm’s Forensic & Litigation Consulting segment.
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UniCredit Group Banks to pay $1.3B for sanctions violations
UniCredit Group Banks will pay total financial penalties of approximately $1.3 billion for processing hundreds of millions of dollars of transactions through the U.S. financial system on behalf of an entity designated as a weapons of mass destruction proliferator and other Iranian entities subject to U.S. economic sanctions, the Department ...
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ArticleExecuting a culture of integrity initiative
Building a culture of integrity is more than just putting on a compliance week fair; join this Conversation at the annual CW conference in May to learn how to implement a culture of integrity.