All Finance articles – Page 70
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Article
Refinitiv to expand KYC solutions into wealth management
Refinitiv announced the planned expansion of its suite of financial crime solutions into the wealth management industry.
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ArticleU.S., U.K. launch Financial Innovation Partnership
A newly formalized partnership between the United States and United Kingdom aims to embolden innovation in financial services.
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Article
Agio enhances SEC cyber-security mock audit service
Agio, a cyber-security and managed IT services provider for financial services, announced enhancements to its SEC cyber-security mock audit service.
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ArticleFinCEN to financial institutions: Beware of Venezuelan money laundering
FinCEN recently alerted financial institutions of continued widespread public corruption in Venezuela and the methods Venezuelan senior political figures and their associates may use to move and hide proceeds of their corruption.
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ArticleA new CCO’s Herculean task at Wells Fargo
Compliance Week chats with Wells Fargo CCO Mike Roemer about the challenge of rebuilding trust at a company that’s been the poster child of compliance and risk management gone wrong.
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Inside Wells Fargo’s plan to restore trust
Compliance Week looks at highlights from Wells Fargo’s plan to transform the future.
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ArticleNon-banks still have plenty of work ahead to adopt CECL
Efforts to adopt CECL are generally underway in the banking sector, but companies outside financial services may still have plenty to do.
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ArticleEuropean Commission fines five banks €1B over foreign exchange cartel
In two separate settlements, the European Commission fined five banking giants for colluding in the trade of significant sums of foreign currency.
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Article
Former SEC Commissioner Kara Stein joins IEX board
Former SEC Commissioner Kara Stein has joined the board of directors of the Investors Exchange.
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ArticleSome companies are ready for CECL, some are not
Citigroup raised its expected loan loss reserves under CECL as it prepares for parallel testing of its methodology, but plenty of organizations have barely started.
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ArticleAudit committees get some help overseeing CECL
The Center for Audit Quality is giving audit committees a hand in overseeing implementation of the new credit losses standard.
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ArticleGillibrand touts bill to protect against credit lending discrimination
The Protections in Consumer Lending Act is intended to protect against discrimination when consumers apply for different types of credit.
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ArticleChuck Senatore: The creative influencer
Fidelity’s Chuck Senatore has learned something from his 22 years of experience as a compliance officer: It’s all about teamwork, the ability to influence, and innovation.
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ArticleMatthew Pachman: The phoenix
The secret to rebuilding corporate culture after a scandal? It involves the people left behind.
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ArticleStephen C. King: The intrepid investigator
In an effective, disarming style, this Top Mind is using investigations to guide compliance, not just club noncompliance.
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ArticleStudy: Firms pay more than $2K per employee for cyber-security
The cost breakdown of cyber-security for financial institutions is just one of the challenges facing firms.
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ArticleSEC suspends trading for Bitcoin Generation
The Securities and Exchange Commission has temporarily suspended trading for cryto currency market operator Bitcoin Generation while it looks into concerns about information on the marketplace on which investors are relying.
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Article
Swedbank creates new unit to combat financial crime
As Swedbank faces multiple investigations into money laundering practices, the bank’s acting president and CEO Anders Karlsson recently announced the formation of a new unit to combat financial crime.
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ArticleCFTC proposes to amend derivatives clearing organization regulations
The Commodity Futures Trading Commission on April 29 issued a proposed rule to amend certain regulations that apply to derivatives clearing organizations (DCOs) under Part 39 of the CFTC’s regulations. Part 39 implements the statutory core principles for DCOs.
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ArticleFirst-quarter reports add lease assets, liabilities
First-quarter reports reflecting new lease accounting rules are beginning to trickle into the market, adding billions in assets and liabilities to balance sheets.