The first conflict minerals filings are trickling in, with 39 of them filed as of May 28, but an influential advocate of the Securities and Exchange Commission requirement isn’t pleased by what it has seen thus far. A statement issued by the activist group Global Witness describes the first batch of disclosures as “disappointing” and […]
Joe Mont
Posted inUncategorized
FTC Asks Congress for New Laws Needed to Regulate Data Brokers
The Federal Trade Commission is urging Congress to provide new legislation it says is needed to demand greater transparency and consumer control over the information collected by data brokers. A report issued this week by the FTC, “Data Brokers: A Call for Transparency and Accountability,” studied how these firms obtain and share consumer information, typically […]
Posted inUncategorized
CFTC Plans Roundtable, Reopens Comment Period on Position Limits
The Commodity Futures Trading Commission will hold a roundtable next month to discuss its controversial efforts to establish position limits for physical commodity derivatives. It will also reopen the public comment process for three weeks, starting on June 12. The roundtable, on June 19, from 9:30 a.m. to 3:30 p.m., will focus on hedges of […]
Posted inFrom the Archive
Activists Slam Early Conflict Minerals Filings for ‘Lacking Substance’
The first conflict minerals filings are trickling in, with 39 of them filed as of May 28, but an influential advocate of the Securities and Exchange Commission requirement isn’t pleased by what it has seen thus far. A statement issued by the activist group Global Witness describes the first batch of disclosures as “disappointing” and […]
Posted inAccounting & Auditing
OCC Pushes Forward With New Approach to Bank Supervision
The Office of the Comptroller of the Currency continues to revamp how it supervises financial institutions and monitor risks to their safety and soundness. A plan announced this week advances a previously announced strategy to reduce the number of on-site examiners at big banks and reassign top experts to industry-wide risk reviews. The OCC supervises […]
Posted inAccounting & Auditing
OCC Pushes Forward With New Approach to Bank Supervision
The Office of the Comptroller of the Currency continues to revamp how it supervises financial institutions and monitor risks to their safety and soundness. A plan announced this week advances a previously announced strategy to reduce the number of on-site examiners at big banks and reassign top experts to industry-wide risk reviews. The OCC supervises […]
Posted inRisk Management
Compliance Practices in 2014: Good, Bad, and Everything Else
In one sense, compliance officers have plenty of reason to feel good when reading the 2014 Compliance Trends Report, a joint effort by Compliance Week and Deloitte to survey CCOs on a host of issues. More than half of respondents to the survey, unveiled last week at the Compliance Week 2014 conference in Washington, say […]
Posted inAnti-Bribery
How Walmart’s Global CCO Is Working to Right the Ship
When Jay Jorgensen was offered the top compliance job at Walmart, he had two concerns: One was how to sell his wife—and himself—on a move to Bentonville, Arkansas. The other and more substantial concern was how he would need to approach the job of recasting compliance at Walmart, given the massive size of the global […]
Posted inFrom the Archive
SEC Looks to Issue Revised ‘Extraction Payments’ Rule in 2015
The Securities and Exchange Commission is aiming to re-propose a rule requiring companies to report payments made to governments for extraction rights by March 2015, according to the recently released edition of the Unified Agenda of Federal Regulatory and Deregulatory Actions. The semi-annual report, issued by the White House’s Office of Office of Management and […]
Posted inFrom the Archive
Senator Blasts CFTC Nominee Over Victim Compensation, SEC Fight
Trouble is brewing for the long-delayed confirmation of Sharon Bowen as a member of the Commodity Futures Trading Commission, with a top-ranking Republican senator criticizing the nominee for failing to respond to repeated questions he has posed over several months regarding her role in blocking compensation to victims of a notorious Ponzi scheme. In December […]
