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.
2024-09-18T16:43:00Z By Aaron Nicodemus
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.
2024-09-18T13:42:00Z By Aaron Nicodemus
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.
2024-06-12T21:18:00Z By Aaron Nicodemus
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.
2025-07-26T02:15:00Z By Neil Hodge
Plans to push audit firms to disclose how they use AI in audits have been broadly welcomed, but concerns remain over how corporate data is used, secured, retained, and potentially exposed.
2025-07-25T23:17:00Z By Adrianne Appel
SEC Chair Paul Atkins is soliciting candidates for all five seats on the Public Company Accounting Oversight Board, he announced Wednesday.
2025-07-24T17:15:00Z By Ruth Prickett
The U.K. government promised to introduce Sustainability Reporting Standards in its manifesto. Almost a year after it came to power, it launched a consultation on June 25 on draft plans for these standards, which are largely based on those of the ISSB.
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