All examinations articles

  • Blog

    State regulators adopt single exam for mortgage licensing


    The Conference of State Bank Supervisors has announced that all U.S. states can now use a single, common exam to assess mortgage loan originators.

  • Blog

    OCIE announces 2018 examination priorities


    The SEC's Office of Compliance Inspections and Examination has announced its 2018 examination priorities. Making the list are policies and controls related to cyber-security, money laundering, and retail investor fraud.

  • Blog

    Bipartisan support grows for better exam coordination


    In a letter to Treasury Secretary Steven Mnuchin, a bipartisan collection of more than two dozen legislators is demanding streamlined, better coordinated bank oversight and examinations.

  • Blog

    Risk alert spotlights exam pitfalls for investment advisers


    The SEC’s Office of Compliance Inspections and Examinations has issued a risk alert that details the most prevalent compliance miscues identified in its examinations of investment advisers

  • Blog

    SEC details 2017 examination priorities


    The SEC has announced its Office of Compliance Inspections and Examinations’ priorities for the new year. Added areas of focus, writes Joe Mont, include electronic investment advice, money market funds, and the financial exploitation of senior investors.

  • Blog

    CFPB updates exam procedures for Military Lending Act


    The Consumer Financial Protection Bureau has announced the procedures its examiners will use when identifying consumer harm and risks related to the Military Lending Act. Joe Mont has more.

  • Blog

    SEC creates Office of Risk and Strategy


    The SEC is creating an Office of Risk and Strategy within its Office of Compliance Inspections and Examinations, which will consolidate and streamline risk assessment, market surveillance, and quantitative analysis teams and provide operational risk management and organizational strategy for OCIE. Peter Driscoll will lead the office and has been ...

  • Blog

    SEC Announces 2016 Examination Priorities


    The SEC’s Office of Compliance Inspections and Examinations has released an overview of its examination priorities for 2016. New areas of focus include liquidity controls, public pension advisers, product promotion, exchange-traded funds, and variable annuities. A continuing focus will be placed on protecting investors in ongoing risk areas such as ...

  • Blog

    SEC Details Focus Areas for Next Cyber-Security Exams


    The SEC will broaden its focus on cyber-security concerns during forthcoming examinations of registered broker-dealers and investment advisers by its Office of Compliance Inspections and Examinations. Among the areas primed for greater scrutiny: governance and risk assessment; access rights and controls; data loss prevention; vendor management; employee training; and incident ...

  • Article

    SEC, FINRA Dropping Hints on Risk


    Compliance officers looking to read some tea leaves about what worries the Securities and Exchange Commission these days might want to skim the 2015 exam priorities that the SEC and FINRA have posted. That guidance applies foremost to financial firms, but “it’s only a matter of time before they require ...