Compliance Week held its latest executive roundtable in San Francisco last week, on the matter of third-party risks—and for the first time, I perceived a deep, broad risk to effective compliance programs that isn’t about corruption. The threat of third-party risks is clearly a pervasive one, because a wide range of organizations flocked to attend: […]
Matt Kelly
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State of Compliance Survey, 2012 Edition
Compliance compatriots everywhere, we need your help: the State of Compliance survey, 2012 edition, is now open for business! Loyal readers of Compliance Week will remember that we unveiled this survey one year ago, a joint effort with PwC to capture comprehensive benchmarking data about compliance departments today—the risks you face, the structures you use, […]
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Corporate Titans Fire Anti-Volcker Volley
We already know that just about every financial firm in the United States opposes the proposed Volcker Rule to prohibit proprietary trading at banks. Now the rest of Corporate America is sounding off—everyone from Abbott Labs to Yocum Oil, to be exact. In a comment letter to the Securities and Exchange Commission delivered yesterday, a […]
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The Book About Corruption You Should Read Immediately
We haven’t had a meeting of the Compliance Week book club for a while, so let me recommend a title that all ethics and compliance officers should read immediately: Behind the Beautiful Forevers, by Katherine Boo. (Random House, 298 pps, $27.) I’ll start with the literary praise Boo deserves. She tells the tale of everyday […]
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Whistleblowing 101 in Latin America
Every compliance officer in the United States knows that translating our expectations about business conduct into terms that overseas employees can understand is a daunting task. So if you’re looking for one specific example to demonstrate the problem to your board or CEO, I’d suggest dropping by the FCPA Compliance Group on LinkedIn. A discussion […]
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Better Glimpse Into CFPB’s Budget, Personnel Plans
The Consumer Financial Protection Bureau spent only a fraction of its allowed budget last year, and expects to keep spending less than Congress has permitted at least through 2013—but will also staff up examination and enforcement personnel sharply, according to testimony from CFPB Director Richard Cordray. In testimony Cordray supplied to the House Financial Services […]
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Stalling Out on Dodd-Frank
Disenchantment with the Dodd-Frank Act seems to be in the air these days. Last week I wrote about executives in the energy sector grumbling over Dodd-Frank compliance. This week the banking sector gets its turn. The latest round of nay-saying happened earlier this month when I moderated a forum for compliance officers at various Wall […]
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Sapping the Energy From Dodd-Frank Compliance
Last week I moderated a discussion about compliance with the Dodd-Frank Act specifically as it pertains to the oil & gas industry. The event was a tele-conference co-hosted with the energy practice at Deloitte, where we gathered 10 compliance executives from companies both “upstream” (the ones who extract oil and gas from the ground) and […]
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Compliance Week 2012: More News, More Speaking Opportunities!
Compliance Week is already well underway in planning the agenda for our 2012 annual conference, but as always, our event will cover a huge range of topics—which means we have several slots in our program where we’re still looking for in-house compliance, risk, or audit executives who might be willing to speak at our event. […]
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Why Nobody Likes Corporate America
Let’s talk about why Corporate America is so hated by the Rest of America. After all, Newt Gingrich just seized on that mood to snatch South Carolina away from Mitt Romney in the Republican primary campaign. That feat should surprise nobody, first considering how stiff and strained Romney always appears to be in front of […]
