Regulatory Policy


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White paper: Enforcement Actions: Monitoring Trends, Regulatory Complexity, and Best Practices for Risk Management

2020-01-24T10:55:00+00:00Provided by

Learn how financial compliance, risk, and crime professionals can efficiently track and monitor the growing number of enforcement actions and current trends in Compliance.ai’s latest eBook.

Cyber locks

Proposed bill seeks to help non-federal entities improve cyber-security

2020-01-21T21:48:00+00:00By

A new bill proposed by Congress would install a federal “cyber-security state coordinator” in each state to facilitate non-federal entities’ access to technical know-how, training, communications, and other resources for improved cyber-security.

Race2020

NAVEX Global: Top 10 compliance trends for 2020

2020-01-17T19:20:00+00:00By

A recent Webinar, and complementary report, from NAVEX Global offers a look at the top 10 risk and compliance trends for 2020.

Jackson

Heartbreaker: SEC Commissioner Jackson to resign Feb. 14

2020-01-16T19:44:00+00:00By

Robert Jackson Jr., one of five commissioners at the Securities and Exchange Commission, confirmed Thursday his intention to resign from his post next month.

ForeignInvestment

Treasury finalizes rules impacting foreign investments in U.S.

2020-01-15T16:08:00+00:00By

The Treasury Department is disseminating two rules implementing the Foreign Investment Risk Review Modernization Act of 2018 to help balance national security with the importance of foreign investments in the U.S. economy.

Risk

Cyber-threats, regulatory change highlight top-10 risks study

2020-01-14T20:24:00+00:00By

Cyber-incidents, business interruption, and changes in legislation and regulation are the three biggest risks to companies globally, according to research by German insurer Allianz.

2020Strategy

Tip sheet: 2020 priorities for accounting and audit regulators

2020-01-14T15:10:00+00:00By

With the new year under way, we highlight some focus areas of accounting and audit regulators—SEC, PCAOB, and FASB—that should be top of mind for boards of directors.

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Comments sought on draft vertical merger guidelines

2020-01-13T20:11:00+00:00By

The Federal Trade Commission and the Department of Justice’s Antitrust Division have jointly issued long-awaited draft guidelines concerning vertical mergers and are now seeking public comment.

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Dodd, Frank challenge SEC’s Regulation Best Interest

2020-01-10T19:17:00+00:00By

Former Sen. Christopher Dodd and former Rep. Barney Frank, along with other current and former members of Congress, filed an amicus curiae brief siding with state attorneys general in a lawsuit seeking to have Regulation Best Interest vacated.

DOJSeal

Top DOJ compliance official resigns; rejoins Morgan Lewis

2020-01-10T16:06:00+00:00By

Matt Miner, former deputy assistant attorney general of the DOJ’s Criminal Division who played a prominent role in the development of a range of significant compliance policy initiatives, will rejoin Morgan Lewis as a partner, the law firm has announced.

Stock data

SEC seeks to improve governance of public market data streams

2020-01-09T21:33:00+00:00By

Continuing its emphasis on disclosing conflicts of interest and boosting Main Street investors, the SEC seeks public input on a proposed order to modernize the National Market System.

ClaytonTop

A modern, corporate-friendly SEC glides into 2020

2020-01-09T13:36:00+00:00By

There are a few clouds on the horizon as some on Capitol Hill wonder whether a purported concern for the “Main Street investor” is cloaking a deregulation initiative.

OCIE priorities

‘Perennial’ risks comprise OCIE’s 2020 examination priorities

2020-01-08T17:07:00+00:00By

The SEC’s Office of Compliance Inspections and Examinations’ priorities in 2020 foster its risk-based approach and find room for both Main Street investors and innovation.

AI United States

White House proposes AI regulatory principles to limit government overreach

2020-01-07T22:18:00+00:00By

In sum, federal agencies should reject “rigid, design-based regulations” in favor of flexible approaches to artificial intelligence applications.

CutRedTape

UK Finance slams overregulation in financial services sector

2020-01-07T17:07:00+00:00By

UK Finance, the U.K. regulator responsible for the financial services sector, is offering recommendations to curb the abundance of intersecting rules in FS.

2020

Special report: Compliance 2020

2020-01-06T14:24:00+00:00By

CW Editor in Chief Dave Lefort offers 10 predictions on what will dominate compliance headlines in 2020.

Audit

SEC plans to ease auditor conflict-of-interest rules

2020-01-02T18:57:00+00:00By

A proposed update to auditor independence rules relaxes restraints on affiliate relationships and initial public offerings.

Timeline

Compliance 2020: A timeline

2020-01-02T14:03:00+00:00By Compliance Week

Compliance Week looks back at two decades of scandals, enforcement actions, and regulatory policies (2000-2019) that shaped the compliance function we see today.

Cuomo

New York legislation requires ‘Women on Corporate Boards Study’

2019-12-31T14:43:00+00:00By

New York Governor Andrew Cuomo has signed legislation requiring a study to be conducted on the number of women directors who serve on each board of directors of domestic and foreign companies authorized to do business in New York.

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Apple, Walmart among compliance winners of 2019

2019-12-27T17:13:00+00:00By

Strong social stances, a dedication to doing what’s right, and leading by example highlight the qualities exemplified by our list of ethics and compliance winners of 2019.

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Bill to combat robocalls heads to Trump’s desk

2019-12-19T19:33:00+00:00By

A popular bill intended to crack down on illegal robocalls has passed House and Senate votes with overwhelming majorities and will soon make its way to President Trump’s desk for final approval.

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SEC revives resource extraction disclosure rules

2019-12-18T20:43:00+00:00By

The SEC voted to propose a new version of rules that would require resource extraction issuers to disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals.

California AG

Businesses seek CCPA clarity as California AG issues dire warning

2019-12-16T20:46:00+00:00By

In comments submitted to the California attorney general’s office, businesses seek much greater clarity on the soon-to-be-in-force California Consumer Privacy Act.

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DOJ revises export control and sanctions enforcement policy

2019-12-16T20:12:00+00:00By

The Department of Justice has revised its policy regarding voluntary disclosures of export control and sanctions violations.

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SEC’s Clayton: Talk of whistleblower cap ‘misguided’

2019-12-12T16:43:00+00:00By

Amid controversy surrounding proposed changes to the SEC’s whistleblower program, Chairman Jay Clayton continues to stress any adjustments won’t include a cap on awards.

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Webcast: New DOJ guidance in your compliance program

2019-12-12T14:16:00+00:00Provided by

The Department of Justice guidance released over the summer contains some of the most specific insight to date into the type of compliance program that the Department, and prosecutors, expect organizations to have in place. With much of the focus being around having a program that works in practice, the ...

Volcker

Former Fed Chair Paul Volcker passes away

2019-12-09T16:20:00+00:00By Compliance Week

Paul Volcker, former chairman of the Federal Reserve and eponym to the controversial Volcker rule of the Dodd–Frank Act, died Sunday. He was 92.

Cannabis

Federal banking regs ease hemp reporting requirements

2019-12-05T20:13:00+00:00By

New interagency guidance issued this week brings good news for compliance officers of banking institutions with hemp-related customers.

Roger Wicker

Republicans, Democrats spar over federal privacy bill

2019-12-05T18:14:00+00:00By

Republicans and Democrats have differing opinions on the rights and role of a federal privacy law, but both sides agreed at a Senate Commerce Committee hearing Wednesday the time to act is now.

ClaytonTop

Technology at center of Clayton-moderated discussion at SEC

2019-12-04T21:56:00+00:00By

“Message received,” SEC Chairman Jay Clayton said as panelists at his discussion on global macroeconomic trends emphasized how technology is affecting markets and why regulators must lead rather than follow.

Auditinspection

New auditor reporting standards: What has changed

2019-12-03T17:45:00+00:00By

A closer look at new standards issued in May by the Auditing Standards Board will aid auditors in conferring with clients before 2020 reports arrive.

RobotDecisions

ICO draft guidance helps U.K. firms clarify AI choices

2019-12-03T16:34:00+00:00By

The U.K. Information Commissioner’s Office has released guidance that lays out four principles—based on the GDPR—companies must consider when applying AI to their systems.

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Vestager once again takes aim at digital giants

2019-12-02T18:24:00+00:00By

Margrethe Vestager, European commissioner for competition, once again rallied against Big Tech in a Nov. 29 speech. The politician has promised more oversight of search engines, online marketplaces, social media networks, and app sites to ensure fair markets.

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Senate Dems propose ‘clear as a bell’ U.S. privacy law

2019-11-27T21:12:00+00:00By

Senate Democrats have proposed a new federal data privacy bill that seeks to empower consumers and support their civil rights in the digital economy.

Revise

Corporate Enforcement Policy revisions impact FCPA disclosure

2019-11-25T15:02:00+00:00By

The Department of Justice this month made a few minor adjustments to its Corporate Enforcement Policy that are worth a closer look, as these changes could impact when compliance officers and corporate counsel decide to self-report a potential Foreign Corrupt Practices Act violation.

PointTheFinger

More companies pointing finger at proxy advisory firms

2019-11-22T15:53:00+00:00By

A new survey from the U.S. Chamber of Commerce and Nasdaq says the number of companies identifying conflicts of interest at proxy advisory firms has almost doubled.

CryptoRisk

Regulators wary of crypto as digital assets go mainstream

2019-11-20T20:57:00+00:00By

Federal agencies struggle to categorize digital coins as currency, securities, commodities, property, or something else—but even as they dither, some big companies strive forward in the digital assets arena.

Femtech

‘Femtech’ wanders into uncharted regulatory territory

2019-11-20T20:57:00+00:00By

Applications that serve women’s health needs could soon be held to a higher standard of accountability for protecting users’ data if they become classified as “covered entities” under HIPAA.

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House passes bill requiring disclosure of diversity on corporate boards

2019-11-20T20:55:00+00:00By

If enacted, legislation on corporate board diversity would require the SEC to work on strategies to increase gender, racial, and ethnic diversity on corporate boards.

DIgitalUnease

U.S. consumers express unease over personal data collection

2019-11-20T14:57:00+00:00By

A recent survey says a majority of Americans don’t trust data privacy policies and procedures, even while U.S. companies are hastening to enhance them in advance of the California Consumer Privacy Act’s implementation.

GDPR panel

Regulators sympathetic to GDPR growing pains but expect maturity

2019-11-19T21:37:00+00:00By

Officials from a pair of EU data privacy sanctioning bodies stressed importance of data protection officers and good-faith efforts to comply with GDPR.

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SEC’s Clayton pushes modernization at UPenn speech

2019-11-15T20:49:00+00:00By

Touting the SEC’s recent accomplishments, Chairman Jay Clayton maintains modernization helps advance the regulator’s “tripartite mission” and gives some hints about next year’s agenda.

Gavel

ISS asks court to toss SEC proxy adviser guidance

2019-11-13T21:10:00+00:00By

In a lawsuit filed against the SEC, advisory firm ISS argues that, contrary to SEC opinion, proxy advice is not a solicitation under securities laws.

Supreme Court

U.S. Supreme Court to consider appropriateness of SEC disgorgement

2019-11-12T22:04:00+00:00By

A case examining the meaning of “disgorgement” and whether the SEC can obtain it via a court order could affect a practice the regulator has used for decades.

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DOJ: Big Tech’s data collection creates ‘avenues for abuse’

2019-11-12T17:43:00+00:00By

The Department of Justice’s top antitrust official warns tech giants the government is being “extra vigilant” about sniffing out anticompetitive behavior deriving from mass data collection, mindful of its harmful effects on both users and competitors.

JusticeDepartment

Justice Department creates Procurement Collusion Strike Force

2019-11-08T17:18:00+00:00By

The Department of Justice has announced the formation of the new Procurement Collusion Strike Force, which will focus on deterring, detecting, investigating, and prosecuting antitrust crimes.

SEC

SEC champions proposals to amend outdated proxy solicitation rules

2019-11-06T18:55:00+00:00By DeAnn Orie

SEC Chair Jay Clayton and Commissioner Elad Roisman, among others, convened a roundtable to explore proposals to proxy voting rules calling for consistent regulation across the markets and better disclosure of conflicts to clients.

PraiseCriticism

FTC proposes five amendments to NIST Privacy Framework

2019-10-25T18:24:00+01:00By

The FTC has submitted comment on NIST’s draft Privacy Framework, praising the agency for its proposal to help firms open a privacy dialogue and suggesting five amendments to improve upon the draft.

Tech Spotlight

Seven takeaways: Privacy, Big Tech in spotlight at ICDPPC

2019-10-24T20:06:00+01:00By

The International Conference of Data Protection and Privacy Commissioners offered varying perspectives on the latest in data privacy and technology from the likes of regulators, experts, and campaigners.

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House Financial Services Committee grills Facebook’s Zuckerberg

2019-10-23T20:42:00+01:00By

Wide-ranging questions target Libra, discriminatory housing ads, lack of diversity at Facebook, and whether Facebook’s CEO actually read the hearing packet the committee sent to him.