Forget all that talk of deregulation. Compliance officers at financial institutions are still knee-deep in risk and spending nearly $26 billion a year on anti-money laundering programs and other demands of the Bank Secrecy Act.
Joe Mont
Posted inUncategorized
TRACED Act cracks down on illegal robocalls
Newly proposed legislation is making the rounds of the Senate in an effort to strike against unwanted telephone solicitations.
Posted inUncategorized
Senators accuse mobile carriers of throttling practices
Senate Democrats are alleging violations of net neutrality principles by mobile data carriers who they claim, backed by recent research, are slowing down online traffic.
Posted inUncategorized
A top concern for banks: How will regulators tackle AI?
The cutting-edge question asked by Federal Reserve Governor Lael Brainard at a recent conference: “What are we learning about artificial intelligence in financial services?” She answered with a look at the regulatory landscape.
Posted inEurope
Undaunted, May holds line on Brexit as chaos swirls
A draft plan for how the United Kingdom will engineer its split from the European Union is not going over well with many British Prime Minister Theresa May is counting on.
Posted inEurope
Brexit deal passes a milestone, questions remain
U.K. Prime Minister Theresa May managed to convince her cabinet to back a draft Brexit deal. What comes next?
Posted inRegulatory Enforcement
How election results will impact regulation for next two years
America voted on Tuesday. Now corporate America and its regulators need to see what it all means.
Posted inUncategorized
SEC pushed to stress ‘fiduciary duty’ in forthcoming rules
Members of the SEC’s Investor Advisory Committee are recommending that forthcoming rules for investment advisers be made more explicit and in line with past visions of a “fiduciary duty.”
Posted inUncategorized
Banking groups petition for clarity on regulatory guidance
Two influential groups representing the interests of banks are petitioning the Consumer Financial Protection Bureau for formal rulemaking regarding the use of supervisory guidance.
Posted inBoards & Shareholders
Tesla names new chairman of the board
Tesla has named a new chairman of the board, Robyn Denholm, to replace founder and CEO Elon Musk. She takes on the post after serving as CFO for Telstra, Australia’s largest telecommunications company.