Regulatory Policy


Asia

Asia Pacific compliance: Five tips for practitioners based outside the region

2019-08-14T18:59:00+01:00By Mary Shirley

Communicating the variances of Asian regulatory policies could mean the difference between progress or failure. One of our former Top Minds offers companies five tips for avoiding a regulatory disaster within a multinational organization.

DOJSeal

Regulatory events coming this fall

2019-08-12T20:57:00+01:00By DeAnn Orie

Check out information on upcoming events from such regulators as the PCAOB, FDIC, SEC, DOJ, and more.

Ruling

A critical review of the SFO’s DPA process

2019-08-09T17:14:00+01:00By

Companies considering entering a deferred prosecution agreement with the U.K. Serious Fraud Office might instead want to take their chances with a trial following the outcomes of a trio of recent high-profile corruption cases.

SEChq

SEC proposes to modernize Regulation S-K disclosures

2019-08-09T17:05:00+01:00By

The SEC is seeking comment on proposed amendments to modernize the description of business, legal proceedings, and risk factor disclosures that registrants are required to make under Regulation S-K.

Londoncrop

SFO cooperation guidance provides clarity on leniency

2019-08-07T18:04:00+01:00By

In recent guidance, the SFO for the first time has formally set out expectations essential to U.S.-type deferred prosecution agreements, but some say the low number of companies accepting criminal responsibility may negate the provision’s worth.

Whistle

House considers creating PCAOB whistleblower program

2019-08-02T19:23:00+01:00By

The House is considering a bill that would give the PCAOB a whistleblower system under Sarbanes-Oxley like the one operated by the SEC.

CFPB

CFPB pitches mortgage rule change

2019-07-29T19:41:00+01:00By

The Consumer Financial Protection Bureau has issued a notice seeking information on the expiration of temporary qualified mortgage provisions.

WallStreet

Warren’s next battleground: private equity firms

2019-07-19T15:49:00+01:00By

Under newly filed legislation, The Stop Wall Street Looting Act, firms would share responsibility for the liabilities of companies under their control, including debt, legal judgments, and pension obligations.

Antitrust debate

Congress debates: Are tech giants bullies or saviors?

2019-07-17T21:24:00+01:00By

Amazon, Google, Facebook, and Apple were called before Congress this week to debate what critics perceive as the anti-competitive, entrepreneur-chilling effects they trigger with their size and scope.

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Google, Amazon fire back: Rising tide lifts all boats

2019-07-17T21:19:00+01:00By

A common refrain—and effective defense—from tech companies at the House Judiciary hearing this week was that rather than stifling competition, their size and scope is responsible for a tide that raises all boats in their wake.

Cooperation

FINRA issues clarifying guidance on ‘extraordinary cooperation’ credit

2019-07-17T17:03:00+01:00By

The Financial Industry Regulatory Authority has issued supplemental guidance clarifying how companies and individuals that demonstrate “extraordinary cooperation” in investigations can receive enforcement credit.

Libra

Congress, Treasury take swings at Facebook’s Libra plan

2019-07-16T20:51:00+01:00By

A plan by Facebook to enter the world of virtual currency is attracting predictable skepticism in Washington. It could also expedite the slow emergence of national data protection laws.

antitrust

Quality compliance can now earn antitrust leniency

2019-07-12T17:22:00+01:00By

A Justice Department policy change–to evaluate corporate compliance programs as a potential leniency factor on antitrust cases–has come to fruition through announcements made this week.

Facebook crypto

Fed Chair urges caution with Facebook virtual currency venture

2019-07-11T20:53:00+01:00By

Count Federal Reserve Chairman Jerome Powell and several members of Congress as concerned observers of Facebook’s planned foray into the world of virtual currency.

ClaytonTop

SEC’s Clayton emphatically defends Reg. BI

2019-07-10T20:04:00+01:00By

SEC Chairman Jay Clayton, speaking to an audience of financial professionals in Boston, vigorously defended Regulation Best Interest and came out swinging against critics.

Warren

Warren, Dems seek mandatory climate disclosures

2019-07-10T18:53:00+01:00By

Senator Elizabeth Warren (D-Mass.) has reintroduced the Climate Risk Disclosure Act, legislation that would require public companies to disclose their exposure to climate-related risks.

Volcker

Agencies exclude community banks from the Volcker Rule

2019-07-10T18:21:00+01:00By

Five federal financial regulatory agencies announced this week they have adopted a final rule to exclude community banks from the Volcker Rule.

DOJSeal

Regulatory events: What’s hot this summer!

2019-07-09T20:46:00+01:00By DeAnn Orie

Here’s a look at some upcoming events and training from regulators like the SEC, DOJ, and PCAOB.

SEC building

SEC shores up details on ‘short-termism’ roundtable

2019-07-09T15:44:00+01:00By

An upcoming SEC roundtable on July 18 will seek to identify potential market practices and regulatory changes that could encourage increased long-term strategies and investments.

Clayton2

SEC's Clayton reignites debate about pairing of enforcement, waivers

2019-07-08T20:06:00+01:00By

In a potential boon for businesses, SEC Chairman Jay Clayton says qualifications for waiver issuances may no longer be delayed due to lingering accusations of misconduct.

FDIC

FDIC report: Five common consumer compliance issues

2019-07-08T14:39:00+01:00By

The FDIC recently issued the first edition of its “Consumer Compliance Supervisory Highlights” report, intended to enhance transparency around consumer compliance supervisory activities.

SEChq

House moves to cut funding for SEC’s Regulation Best Interest

2019-06-27T19:35:00+01:00By

Joining the growing discontent with the SEC’s Regulation Best Interest, Democrats in the House of Representatives have passed legislation that could starve the quasi-fiduciary standard for investment advice of funding.

FedEx plane

FedEx sues Feds over export control burdens related to Huawei dispute

2019-06-25T18:12:00+01:00By

Shipping giant FedEx is suing the federal government in an effort to reverse what it says are impossible to achieve compliance burdens imposed by the Department of Commerce.

AdobeStock_81750492

Global regulators strike against shady ‘manufactured credit events’

2019-06-24T20:44:00+01:00By

International regulators are joining forces to strike against what they deem as “opportunistic strategies” and “manufactured credit events” in the multi-trillion-dollar derivatives marketplace.

Data Harvest

Congress takes aim at Big Tech with new bills

2019-06-24T17:35:00+01:00By

Bills working through Congress would make it harder for tech companies to profit from consumer data and force them to better secure networked devices.

SEC building

Senate approves Lee nomination to SEC

2019-06-21T15:03:00+01:00By

The Senate has approved President Trump’s nomination of Allison Herren Lee, a former aide to Kara Stein, to a seat on the Securities and Exchange Commission.

WantFeedback

SEC seeking comment on ways to harmonize private securities offering exemptions

2019-06-18T19:06:00+01:00By

The SEC is requesting public comment on ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections.

CapitalStorm

Congress shows new resolve to combat shell companies

2019-06-18T14:57:00+01:00By

The United States seems poised to finally tackle issues surrounding shell companies and their often-opaque beneficial ownership structures.

columnist icons2

Breaking up is dumb to do

2019-06-14T19:28:00+01:00By

Is splitting up big tech companies a cure for their outsized influence? Probably not.

global-regulatory cover

White paper: Global Regulatory Outlook – Are We There Yet?

2019-06-14T17:47:00+01:00Provided by

Following the 2008 financial crisis, regulatory compliance has come to play an ever-larger role in the lives of financial institutions. Regulatory requirements have become more complex and enforcement scrutiny has increased.

bidentweet

Antitrust argument the latest attempt to regulate Big Tech

2019-06-14T16:19:00+01:00By

Congress and presidential candidates alike are escalating their efforts to thwart the dominance of the tech giants.

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States continue to fill federal data privacy void

2019-06-12T19:59:00+01:00By

While Congress largely remains mired in hearings and pre-election posturing, states are increasingly putting their own scrutiny on large tech companies and their data collection policies.

Treasury

Bill demands ownership reveals for shell companies

2019-06-11T15:08:00+01:00By

The newly proposed ILLICIT CASH Act would, for the first time, require shell companies to disclose their true owners to the U.S. Department of Treasury.

AuditQuality

Regulators globally still call for better audits

2019-06-10T17:33:00+01:00By

While encouraged by the trend in audit inspection results, global audit regulators report they are still seeing levels of audit deficiency that command continued focus on improvement.

HannahLevine

Top Mind of Tomorrow: ‘Hope to pay it forward’

2019-06-10T14:06:00+01:00By Hannah Levine

Top Mind of Tomorrow Hannah Levine relays her experience at the recent CW annual conference.

ChinaUS

New bill seeks to end regulatory stalemate with China

2019-06-06T19:09:00+01:00By

Bipartisan legislation proposes to increase oversight on China-based companies listed on U.S. exchanges and delist those that fail to comply in three years.

Proofpoint global digital cover img

White paper: Global Digital Communications Compliance for Regulated Industries

2019-06-05T19:28:00+01:00Provided by

Financial services, pharmaceuticals, healthcare, and energy are some of today’s most regulated industries. And their compliance risks have only grown as modern business evolves. And you must comply with new rules that govern email, the web, social media, and more.

best interest

SEC finally prevails with investment advice ‘best interest’ rule

2019-06-05T19:10:00+01:00By

The Securities and Exchange Commission has adopted rulemaking intended to enhance the quality and transparency of investor relationships with investment advisers and broker-dealers.

Columnist_Fox

Policy change previewed by DOJ a tip of the cap to compliance

2019-06-05T16:00:00+01:00By

A change to the DOJ’s leniency program could be good news for companies that can demonstrate an effective compliance program.

jumio ebook cover img

e-Book: Riding California’s Wave of Regulatory Developments

2019-06-03T15:22:00+01:00Provided by

California has not only been on the forefront of emerging technologies, it’s also been the most active state when it comes to regulating that new tech, especially when it comes to data privacy.

IMG_2235

Not just blowing smoke: Time to take cannabis compliance seriously

2019-05-30T19:54:00+01:00By

As cannabis legalization spreads, so too do the risks and challenges for businesses.

SEC panel

SEC focus: Reduce burden while protecting investors

2019-05-30T15:51:00+01:00By

The SEC has stuck to its promise to focus on initiatives that can improve capital formation and lighten the regulatory burden.

longtermism

SEC to hold roundtable on public marketplace

2019-05-28T18:31:00+01:00By

Coming this summer: An SEC roundtable for the public and SEC staff to discuss short-term and long-term management, the periodic reporting system, and SEC regulations.

Commercelogo

Commerce unveils new attack on ‘currency manipulation’

2019-05-28T15:00:00+01:00By

The Department of Commerce has issued a notice of proposed rulemaking to impose countervailing duties on countries that act to undervalue their currency relative to the dollar.

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Takeaways from Compliance Week 2019

2019-05-28T13:35:00+01:00By

The 14th annual Compliance Week conference is in the books, and with it more than 60 sessions filled with helpful anecdotes, shared best practices, career advice, and much, much more.

GDPR1

Happy birthday, GDPR: A look back at Year 1

2019-05-24T17:33:00+01:00By

As the EU’s General Data Protection Regulation celebrates its first “birthday,” an expert panel met at Compliance Week 2019 to share their experiences in prepping, implementing, and following up.

McCuskerMurray

Claire McCusker Murray: Incentivizing corporate compliance at the DOJ

2019-05-20T18:37:00+01:00By

Justice Department Principal Deputy Associate Attorney General Claire McCusker Murray spoke at CW’s annual conference on how the agency’s Civil Division seeks to motivate compliance.

Londoncrop

Companies House reforms to better protect U.K. companies from criminal activity

2019-05-20T11:23:00+01:00By

Companies House recently unveiled a substantial package of reforms that will do more to safeguard the personal data of business owners in an effort to offer U.K. companies greater protection from fraud.

examinations

GAO suggests supervisory improvements for bank regulators

2019-05-17T20:12:00+01:00By

Is there a better way for bank regulators to conduct their supervisory and remediation processes? Congress’ GAO developed a rundown of suggestions and best practices in a report released this week.

CalifStateFlag

Major changes to California privacy law likely scuttled

2019-05-17T18:21:00+01:00By

An initiative to strengthen and enhance the California Consumer Privacy Act was basically left for dead in that state’s legislature.