BB&T Securities has reached a $5.7 million settlement with the Securities and Exchange Commission to settle charges that a firm it acquired misled its advisory clients.
Financial Services
Posted inFinancial Services
FSOC seeks changes to nonbank designation guidance
The FSOC has released proposed interpretive guidance regarding nonbank financial firm SIFI designations. It would implement an “activities-based approach” to identifying potential risks to financial stability and provide an “off-ramp” to designated firms.
Posted inData Privacy
FTC proposes consumer data rule changes for financial institutions
The Federal Trade Commission is seeking public comment on proposed amendments to rules under the Gramm-Leach-Bliley Act that protect the privacy and security of customer information held by financial institutions.
Posted inFinancial Services
SWIFT to open KYC platform to corporates
SWIFT announced the scheduled opening of its Know Your Customer platform, The KYC Registry, to corporates.
Posted inFinancial Services
Opus launches new KYC solution
Global compliance and risk management solutions provider Opus announced the launch its new know your customer (KYC) workflow automation and risk intelligence solution.
Posted inRisk Management
Deloitte: financial institutions reengineer risk management
Financial institutions are beginning new efforts to reengineer their risk management programs and tap into emerging technologies, according to a survey conducted by Deloitte Global.
Posted inRisk Management
Q&A: A view of bank risk from the battlefield
Compliance Week talked with Stuart Brock, director of Seal Software, about the risks faced by banks—not the least of which is third-party due diligence.
Posted inRisk Management
Banks less anxious about risk, but should they be?
Wolters Kluwer’s “Regulatory & Risk Management Indicator” says two-thirds of financial institution executives continue to describe high levels of compliance-related regulatory risk, even if their level of anxiety over those risks has decreased.
Posted inFinancial Services
Waters builds new agenda for Financial Services Committee
With new leadership, Rep. Maxine Waters (D-Calif.), the House Financial Services Committee is setting its agenda for the new session of Congress.
Posted inInternal Controls
Immuta adds Richard Geering as VP of GRC
Enterprise data management solutions provider Immuta announced the hiring of Richard Geering as the company’s vice president of governance, risk, and compliance.
