The Securities and Exchange Commission will host a roundtable on Feb. 5 to discuss the impact of decimal-based stock trading on small- and mid-sized companies, market professionals, investors, and securities markets. Domestic stock markets adopted decimal pricing increments in place of fractions in 2001, in part to address concerns the U.S. was at a competitive […]
Joe Mont
Posted inFrom the Archive
Number of ‘Problem’ Banks Falls Below 700 for First Time in Three Years
The number of “problem” institutions scrutinized by the Federal Deposit Insurance Corporation fell below 700 for the first time in three years., According to the FDIC’s latest Quarterly Banking Profile, released today, the number of banks on the FDIC’s “Problem List” fell from 732 to 694, marking the sixth consecutive quarter the tally has fallen. […]
Posted inUncategorized
International Banking Standards Stall as Regulators Mull Options
Nobody expected that crafting international capital reserve and risk standards for banks would be easy. But few probably predicted it would be this hard. After years of debate since the global financial crisis of 2008, there remains great confusion and divisiveness over international standards, especially when it comes to new capital rules promoted by the […]
Posted inRegulatory Enforcement
Marijuana Laws Spark Need to Review Employment Policies
“Don’t break out the Cheetos or Gold Fish too quickly,” quipped Colorado Governor John Hickenlooper after election results confirmed that his state’s voters had legalized the personal use of marijuana. He cautioned of a “complicated process” local lawmakers had ahead of them in balancing the will of voters with the federal government’s continued assertion that […]
Posted inFrom the Archive
Schapiro Put ‘Legacy’ Ahead of Markets and Mandate, Congressman Claims
Did outgoing Securities and Exchange Commission Chairman Mary Schapiro worry more about the legacy she leaves behind than a long-delayed Congressional mandate? That is the question asked, and accusation leveled, by a member of the House Committee on Oversight and Government Reform in a letter to Schapiro that was posted in the public comments section […]
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Congressman Frank Makes One Last Pitch to Merge CFTC and SEC
A longtime proponent of merging the Securities and Exchange Commission and Commodity Futures Trading Commission, U.S. Rep. Barney Frank (D-Mass.) is making one last push for the idea before he retires at the end of his term next month. Frank, who discarded such a plan from the regulatory overhaul that bears his name, the Dodd-Frank […]
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CFPB Strikes Back at Legal Challenge With Motion to Dismiss
The Consumer Financial Protection Bureau has taken its opening shot against a legal challenge to its authority. In June, State National Bank of Big Spring et al. v. Timothy Geithner et al. (in his official capacity as Secretary of the Treasury and Chairman of the Financial Stability Oversight Council) was filed in U.S. District Court […]
Posted inBoards & Shareholders
Getting Global Ethics and Compliance on the Same Page
A common business cliché is to get employees “all singing from the same hymnal,” but for compliance officers responsible for developing the company’s code of conduct that phrase really does capture the task at hand. It can be difficult enough to keep everyone focused on the same goals and working under the same set of […]
Posted inRisk Management
Battling Escalating Risks With Emerging Technology
Emerging risks are colliding with emerging technology. Adapting to the increasing speed and complexity of risk was a common theme throughout the Compliance Week West conference earlier this month in Palo Alto, Calif. While evolving technology was touted as part of the solution, it was also discussed as having the potential to create new problems. […]
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Schapiro Announces She Will Leave SEC’s Top Post in December
After nearly four years heading the Securities and Exchange Commission, Chairman Mary Schapiro announced on Monday that she will depart the post, effective Dec. 14, 2012. The White House announced on Monday that President Obama was naming Elisse B. Walter, a commissioner at the SEC, as the new chairman. Walter will not step into an […]
