The SEC has published a new plan that details its strategic priorities through Fiscal Year 2022.On the list: improved technology and data analysis and a focus on retail investors.
Joe Mont
Posted inEthics & Culture
SEC’s Clayton digs into the basics of company culture
SEC Chairman Jay Clayton used a speaking engagement this week to champion the need to establish a firm-wide culture of compliance.
Posted inUncategorized
Big changes may be on the horizon for CRA and Bank Secrecy Act compliance
Testifying in both chambers of Congress last week, Comptroller of the Currency Joseph Otting discussed plans to modernize the Community Reinvestment Act, and streamline requirements under the Bank Secrecy Act.
Posted inUncategorized
China strikes back on trade tariffs with duties on U.S. products
China has launched a counter-offensive in the escalating trade war initiated by the United States, announcing additional tariffs in response to duties on its imports into the U.S. Covered products include oil, coal, soybeans, and whiskey.
Posted inUncategorized
White House nominates successor for Mulvaney at CFPB
With Acting Director Mick Mulvaney’s tenure at the Consumer Financial Protection Bureau scheduled to end, by statute, on June 22, the White House has nominated Kathy Kraninger, his subordinate at the Office of Management and Budget, to take over.
Posted inUncategorized
Dems seek investigation into SEC commissioner’s alleged pro-gun diatribe
Democratic senators are asking the SEC’s Inspector General to conduct an investigation into reports that a commissioner may have “linked potential regulatory action” to his personal views on firearms.
Posted inUncategorized
Fed rule targets risk concentrations among big banks
A new rule from the Federal Resere seeks to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability.
Posted inUncategorized
Trump makes Chinese tariffs official
President Trump has announced the execution of $50 billion in new tariffs on Chinese goods. The U.S. will implement a 25 percent tariff on a wide array of industrial and manufacturing products and parts.
Posted inRisk Management
The compliance challenges of cross-border deals
We recently spoke to Ricardo Garcia-Moreno, a partner with Haynes & Boone, about the opportunities, challenges, and compliance concerns that come with cross-border deals.
Posted inUncategorized
Judge rejects government efforts to block AT&T, Time Warner deal
After months of legal sniping and a six-week trial, a federal judge has approved AT&T’s $85 billion acquisition of Time Warner.