- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-06-13T19:12:00
President Joe Biden selected a commissioner at the Commodity Futures Trading Commission (CFTC) as his preferred choice to lead the Federal Deposit Insurance Corporation (FDIC) in the aftermath of its toxic workplace culture scandal.
Christy Goldsmith Romero was nominated to serve as chair and member of the FDIC, the White House announced Thursday. She would succeed Martin Gruenberg, who said last month he would resign following the release of an independent review that criticized the agency’s lack of response to employee claims of sexual harassment and discrimination.
Goldsmith Romero’s nomination is subject to Senate approval. Gruenberg said he would step down once his successor was confirmed.
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The Federal Deposit Insurance Corporation proposed a new rule that would require banks to keep better deposit records on ownership of funds controlled by their financial technology partners.
Federal banking regulators approved a new rule for bank mergers that will require additional scrutiny of mergers for antitrust issues for large and mid-sized banks.
Caroline Pham, a commissioner at the Commodity Futures Trading Commission, said compliance officers have a lot to worry about if they or their firms are subject to CFTC enforcement during her fireside chat at CW’s Financial Crimes Summit.
The Department of Justice (DOJ) has proposed a new rule that would regulate the use of Americans’ personal information by foreign companies and foreign persons in six “countries of concern,” prohibiting and restricting the sale of data to thwart the use of data for cyber-enabled activities, espionage, coercion, influence and ...
New York financial institutions are expected to address cybersecurity risks posed by artificial intelligence (AI), and new guidance from the New York Department of Financial Services is aimed at helping firms do just that.
Concerns about how robustly European member states may enforce the EU AI Act, which took effect on Aug. 1, are divided between if regulators will take a “light touch” approach or a sledgehammer for noncompliance. One thing’s for sure, the pace of AI innovation will make enforcement very difficult.
