Opinion


Brasseur_opinion

Silicon Valley Bank risk chief gap glaring post-collapse

2023-03-13T16:58:00+00:00By

For eight months last year, Silicon Valley Bank went without an established chief risk officer. The ramifications of that decision are hard to ignore in the wake of the bank’s hasteful failure.

Brasseur_opinion

Ten things I’m excited for at CW National 2023

2023-03-09T13:00:00+00:00By

Ten weeks before Compliance Week National 2023 kicks off May 15 at the JW Marriott in Washington, D.C, CW Editor in Chief Kyle Brasseur shares what he’s looking forward to most at the annual event.

ask cco 3x2 20235

Ask a CCO: What matters most in federal privacy law?

2023-03-03T14:00:00+00:00By Compliance Week

Four senior compliance practitioners provide their opinions on what a federal privacy law in the United States should strive to accomplish.

ask cco 3x2 20234

Ask a CCO: Most difficult element of data privacy compliance

2023-03-02T14:00:00+00:00By Compliance Week

Four senior compliance practitioners offer their take on the elements of data privacy compliance businesses can expect to be most difficult to confront.

Brasseur_opinion

Legacy of CCPA: A blueprint for prioritizing compliance

2023-03-02T14:00:00+00:00By

Three years in, the promise of the California Consumer Privacy Act as a means of handing down eye-watering penalties against companies for data protection violations remains unfulfilled. And yet, the expanding U.S. data privacy legislation landscape is better for this.

ask cco 3x2 20233

Ask a CCO: Company investment in data privacy efforts

2023-03-01T14:00:00+00:00By Compliance Week

Four senior compliance practitioners discuss how their respective companies invest in compliance with varying data privacy requirements.

ask cco 3x2 20232

Ask a CCO: Roles in data privacy compliance efforts

2023-02-28T14:00:00+00:00By Compliance Week

Four senior compliance practitioners share their roles in ensuring data privacy compliance at their respective companies and the other departments that support their efforts.

ask cco 3x2 2023

Ask a CCO: Plan for complying with varied U.S. privacy laws

2023-02-27T14:00:00+00:00By Compliance Week

Four senior compliance practitioners detail steps their respective companies are taking to confront the expanding U.S. data privacy legislation landscape.

Brasseur_opinion

Lessons in cybersecurity: Control the breach narrative

2023-02-23T18:36:00+00:00By

Recent botched data breach responses at Activision Blizzard and GoDaddy prompt timely consideration of communication best practices shared by cybersecurity experts at CW’s virtual Cyber Risk & Data Privacy Summit.

McDevitt_opinion

Book review: Why revamping procurement benefits business—and compliance

2023-02-16T16:00:00+00:00By

In “Profit from the Source,” four Boston Consulting Group thought leaders argue why procurement should be shaping corporate strategy, not just supporting it. Author Daniel Weise tells Compliance Week why such a transformation would elevate compliance, too.

Nicodemus_opinion

Allianz case questions if DOJ encouraging scapegoating in individual liability push

2023-02-02T19:21:00+00:00By

Is the Department of Justice’s focus on individual accountability in white-collar crime cases encouraging companies to scapegoat their employees? A recent court filing in a $6 billion corporate fraud case could give company officers some sleepless nights.

Brasseur_opinion

Ten things I’d like to see happen in 2023 (2022 in review)

2023-01-03T14:00:00+00:00By

Expect big developments for the compliance profession in 2022 to continue to take center stage in the year ahead, including CCO certifications, climate-related disclosures, and more.

Amii_opinion

Does ESG offer opportunity? Or is it just another area for compliance friction?

2022-12-16T13:00:00+00:00By

Compliance practitioners share their experiences navigating responsibilities related to environmental, social, and governance without stepping on the toes of other colleagues.

Brasseur_opinion

DOJ calling out compliance with 2022 policy shifts

2022-12-09T13:00:00+00:00By

If it seems the Department of Justice has compliance officers in its crosshairs with its controversial policy changes this year, that’s because it does. Some respondents to our annual “Inside the Mind of the CCO” survey embrace the challenge, while others are still skeptical.

Mastercard

Five compliance triumphs from 2022

2022-12-07T13:00:00+00:00By

Positive contributions in the areas of ESG, AI responsibility, and setting standards regarding CCO liability highlight the latest installment of CW’s annual list of laudable ethics and compliance moments.

Brasseur_opinion

No time managing risk? No wonder FTX collapsed

2022-12-06T13:00:00+00:00By

Sam Bankman-Fried’s admission he put no effort into risk management in leading cryptocurrency exchange FTX makes it easy to understand how the firm collapsed so quickly.

Compliance_Fails_2022 Main Art_index

Top ethics and compliance failures of 2022

2022-12-06T13:00:00+00:00By

Businesses not taking AML requirements seriously, years of noncompliant off-channel communications catching up to financial services titans, and a manufacturing firm that shared revenue with terrorists comprise CW’s list of the biggest ethics and compliance fails of 2022.

McDevitt_opinion

‘A profound sense of loss’: Inside Elon Musk’s Twitter culture teardown

2022-12-05T14:52:00+00:00By

Former and current Twitter employees share insights into the state of the social media company’s “toxic” culture and “morose, fearful” atmosphere since Elon Musk stepped on the scene.

Nicodemus_opinion

FTX collapse should provide momentum to regulate crypto

2022-11-15T21:02:00+00:00By

The collapse and bankruptcy of digital asset exchange FTX offers stark lessons into why rules that apply to traditional investments—overseen by government regulation—ought to apply to digital investments as well.

Jaeger_opinion

SEC order against recidivist Oracle skirts the issue

2022-10-13T13:46:00+01:00By

The most notable and relevant details in settlement agreements concerning regulatory compliance violations are often what is not stated. The SEC’s cease-and-desist order against Oracle over violations of the Foreign Corrupt Practices Act is no exception.

Hodge_opinion

Clarity lacking in tribunal report on KPMG’s Carillion, Regenersis failings

2022-09-28T11:54:00+01:00By

The release of the independent tribunal report into the misconduct of KPMG and five of its former employees for falsifying information in the audits of Carillion and Regenersis provides further details about how the work was doctored—but not why.

ask cco 3x2 20225

Ask a CCO: Tech most subject to regulator scrutiny over next 5 years?

2022-09-23T13:00:00+01:00By Compliance Week

Four senior compliance practitioners offer what they believe will be the technology currently on the market that will receive the most attention from regulators over the next five years.

Nicodemus_opinion

Collateral damage aplenty in NYAG lawsuit against Trump Organization

2022-09-22T22:08:00+01:00By

The New York Attorney General’s lawsuit against former President Donald Trump is solely focused on penalizing his business and cohorts, but firms like Mazars and Deutsche Bank don’t come off well from a due diligence perspective.

ask cco 3x2 20224

Ask a CCO: Accounting for regulator expectations in using new tech

2022-09-22T13:00:00+01:00By Compliance Week

Regulatory environments are ever evolving; four senior compliance practitioners detail what their respective businesses do to ensure compliance while utilizing new technologies.

ask cco 3x2 20223

Ask a CCO: Due diligence during Year 1 of implementing new tech

2022-09-21T13:00:00+01:00By Compliance Week

The first year is critical in assessing the success of implementing a new technology. Four senior compliance practitioners reveal how their respective firms carry out due diligence during implementation.

ask cco 3x2 20222

Ask a CCO: How does your firm assess the efficacy of new tech?

2022-09-20T13:00:00+01:00By Compliance Week

Four senior compliance practitioners describe how they evaluate new technologies to determine whether they are the right fit for their respective companies.

ask cco 3x2 2022

Ask a CCO: How do you get buy-in from leadership to invest in new tech?

2022-09-19T13:00:00+01:00By Compliance Week

Four senior compliance practitioners share keys to delivering a strong business case to management to secure budget resources for investment in new technologies.

Brasseur_opinion

​Regulation by enforcement does nobody any favors

2022-09-16T14:30:00+01:00By

To see a prominent representative from the CFTC accuse the SEC of “regulation by enforcement” might raise the eyebrow of some observers. But it shouldn’t—not when that’s the latter’s stated strategy.

Brasseur_opinion

Timely reminder: Take care of yourself over your work

2022-09-09T12:45:00+01:00By

The death by suicide of Bed Bath & Beyond CFO Gustavo Arnal hits home for those that understand the pressure that comes with working in the C-suite. Advice from a leadership expert says stress must be balanced with recovery.

Amii_opinion

The art and skill of delivering bad news

2022-08-23T12:00:00+01:00By

Amii Barnard-Bahn shares her six-step process to help increase receptiveness when communicating bad news and reduce the likelihood of backlash toward the message being delivered.

screens

We bet you’ll love us: Try Compliance Week risk-free for 30 days

2022-08-12T10:39:00+01:00By

For a limited time, Compliance Week is offering 30-day free trial memberships to demonstrate the value we bring to those who serve the cause of ethics and compliance.

Nicodemus_opinion

Dear SEC: The compliance community wants to be a partner, not a target

2022-07-21T16:00:00+01:00By

Communication between the Securities and Exchange Commission and the compliance community is not happening as robustly as compliance practitioners would like. The result is compliance officers are more concerned than ever the agency will target them in an enforcement action.

Brasseur_opinion

‘Uber Files’ a reminder of toxic leadership’s lasting stain

2022-07-13T15:50:00+01:00By

Uber’s troubled past is a story we already know, but the extent of the unethical activities alleged to have previously taken place within its walls still manage to make for gripping headlines—and serve as a reminder of the inescapable shadow of toxic leadership.

McDevitt_opinion

‘Ethical Machines’ breaks down AI ethical risk mitigation planning

2022-07-12T12:30:00+01:00By

It’s only a matter of time before regulators legislate how companies vet artificial intelligence. Ethicist Reid Blackman’s new book, “Ethical Machines,” advises companies on how to implement AI ethical risk mitigation strategies and avoid regulatory, legal, and reputational fallout.

Brasseur_opinion

Historic EY fine latest by-product of KPMG cheating scandal

2022-06-29T13:44:00+01:00By

It is impossible to ignore the SEC’s $100 million fine against EY for employee exam cheating is double the amount the regulator penalized KPMG for its separate cheating scandal. Especially since the latter resolution appears to have served as a starting point for the SEC’s ruling on the former.

Brasseur_opinion

CCO skepticism toward DOJ compliance certifications justified

2022-06-27T15:36:00+01:00By

Chief compliance officer concerns regarding the Department of Justice’s new certification policy have not been alleviated by the agency’s inconsistent communication regarding the requirement.

Jaeger_opinion

USAA whistleblowers want to be heard—and now

2022-06-16T17:13:00+01:00By

Jaclyn Jaeger reflects on feedback received from former and current USAA employees following her three-part series detailing alleged violations of law and mismanaged compliance culture at the financial services giant.

TPRM2022 room

Primer: Third-Party Risk Management & Oversight Summit

2022-06-13T11:00:00+01:00By

Editor In Chief Kyle Brasseur previews Compliance Week’s Third-Party Risk Management Summit, a two-day conference solely dedicated to the sharing of knowledge and experience within TPRM.

Brasseur_opinion

Ten highlights from Compliance Week 2022

2022-05-23T11:30:00+01:00By

Editor In Chief Kyle Brasseur recaps the moments that stood out to him most from Compliance Week’s first in-person event since 2019.

McDevitt_opinion

Put principles to practice with ‘Bias Interrupted’

2022-05-03T12:00:00+01:00By

Legal scholar Joan Williams’s book delivers an avalanche of evidence-based research on structural biases in the workplace and teaches how to course correct broken systems over time by interrupting basic business functions now.