All regulators articles
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Article
What would the regulators do?
A recent Senate Banking Committee hearing on “Fostering Economic Growth” showed that regulators are not entirely opposed to a regulatory rollback. Their thoughts are inside.
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Blog
Former SEC Chief Litigation Counsel Solomon Joining Cleary Gottlieb
In late November, the SEC announced the departure of Matthew C. Solomon, the Chief Litigation Counsel for the SEC’s Enforcement Division. This week, law firm Cleary Gottlieb announced that Solomon will join the firm's Washington, D.C., office as a partner in January 2017.
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Article
Regulators send a perverse message by using our compliance programs against us
The degree to which organizations’ compliance programs are being used against them by regulators is creating a perverse incentive system, writes Joe Murphy.
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Blog
Senior SEC enforcement official Stephen Cohen to depart agency this month
Stephen Cohen, associate director for the SEC’s Enforcement Division, plans to leave the agency later this month after 12 years of service. A senior member of the Commission’s enforcement staff, Cohen joined the SEC in 2004 and has served as associate director since 2011. Bruce Carton has more.
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Blog
SEC Names Christopher Hetner as Senior Advisor on Cybersecurity
Just two weeks after SEC Chair Mary Jo White identified cybersecurity as the "biggest risk facing the financial system," the SEC further strengthened its focus in this area by naming Christopher R. Hetner to the newly-created position of Senior Advisor to the Chair for Cybersecurity Policy.
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Blog
How SEC legend Judge Stanley Sporkin hired future luminaries
Image: Title: SporkinIn the past two weeks there have been two interesting articles written about SEC enforcement legend Judge Stanley Sporkin, the SEC’s second director of enforcement (and much more). Inside, enforcement blogger Bruce Carton looks at the takes on “Sporkin’s kids”—his SEC protégés who went on to become luminaries ...
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Blog
SFO Director David Green’s term extended for two more years
David Green, director of the U.K.’s Serious Fraud Office, has had his contract extended by two years, through April 2018. Green is credited with leading a change in the SFO’s approach to prosecuting cases and delivering the first U.K. deferred prosecution agreement and the first convictions under the Bribery Act ...
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Blog
'Living Legend' Jacob Stillman Steps Down as SEC Solicitor
After 17 years as SEC Solicitor -- and 53 years of service at the SEC -- Jacob H. Stillman is stepping down from the Solicitor position. The SEC announced today that Stillman will remain as senior advisor to Michael A. Conley, who has been appointed as the new SEC Solicitor.
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Blog
Preparing for the Economic Risks That Come Next
Image: As Wall Street teeters and totters decidedly downward, and the prospect of recession seems much closer now than it did a week ago, compliance and audit executives everywhere should pause to think: What caused today’s disruptions? How is tomorrow’s economic climate likely to affect you? Inside, editor Matt Kelly ...
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Blog
Shamoil Shipchandler Named Regional Director of SEC's Fort Worth Office
Shamoil T. Shipchandler has been named Regional Director of the SEC's Fort Worth Regional Office, filling the vacancy created when former Regional Director David Woodcock left the agency in June 2015 to join law firm Jones Day.
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Article
Squeezed: Banks Have No Easy Path on De-Risking
Image: Money service businesses, bitcoin startups, marijuana shops; the population of high-risk customers in the banking world is surging. Regulators have sent conflicting messages about wholesale de-risking of certain sectors, and that can force painful questions about how to build effective, and extensive, due diligence programs. “Regulators are talking from ...
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Article
Auditing Anti-Corruption Efforts: Best Practices Take Shape
Image: More anti-corruption efforts by compliance departments means more auditing of those programs by internal audit, and a vanguard of businesses (many of them, admittedly, stung by misconduct violations in the past) are pioneering better auditing techniques on that point. Tom O’Reilly, director of internal audit at Analog Devices, says ...
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Blog
Google Faces Antitrust Charges in Europe
Image: The European Commission is expected to file a formal case against Google for abusing its dominance in the digital marketplace. Google now faces the possibility of being hit with $6 billion in fines, according to reports. Earlier this month, Competition Commissioner Margrethe Vestager made a pledge to “remove remaining ...