All Compliance Week articles in Web Issue – Page 548

  • Blog

    CFPB pitches date extension for prepaid accounts rule

    2017-03-17T10:30:00Z

    The CFPB is looking to delay the effective date of a recent rule governing prepaid accounts by six months. The rule requires financial institutions to limit consumers’ losses when funds are stolen or cards are lost and resolve errors.

  • Blog

    CFPB levies its largest ever mortgage reporting penalty

    2017-03-17T10:00:00Z

    With its largest ever penalty under the Home Mortgage Disclosure Act, the CFPB has ordered Texas-based Nationstar Mortgage to pay a $1.75 million civil penalty.

  • Blog

    To combat fraud, check accounting policies, internal controls

    2017-03-17T08:45:00Z

    In the battle against fraud and restatements, a company’s best allies are strong accounting policies and well-documented internal controls, a new report says.

  • Article

    Can inline XBRL save XBRL? Or at least improve data quality?

    2017-03-16T11:30:00Z

    Slow progress in shifting financial statement data to the digital realm may be getting a boost, but the clock is ticking for proponents show the real benefits of XBRL.

  • Blog

    LinkedIn co-founder joins Microsoft board

    2017-03-16T10:30:00Z

    Microsoft appointed Reid Hoffman, co-founder of LinkedIn, to its board of directors, effective immediately. He also will serve on the regulatory and public policy committee.

  • Blog

    Wall Street Blockchain Alliance has new board member

    2017-03-16T10:30:00Z

    The Wall Street Blockchain Alliance (WSBA), a non-profit trade association at the forefront of blockchain adoption in financial markets, has appointed Julio Faura, head of R&D for innovation initiatives at Banco Santander, to its board of directors.

  • Blog

    SEC approves 2017 GAAP Taxonomy for use in XBRL filings

    2017-03-15T22:00:00Z

    The SEC has given its final approval to the 2017 GAAP Taxonomy that public companies will use to prepare their XBRL financial statement exhibits.

  • Blog

    Scotiabank names chief risk officer

    2017-03-15T16:00:00Z

    Scotiabank, Canada's international bank, has appointed Daniel Moore, currently executive vice president and chief market risk officer, as chief risk officer, effective April 3. Moore will succeed Stephen Hart in this role, who is expected to retire after a career spanning almost 40 years.

  • Resource

    An Omnichannel Solution to Brand Fraud

    2017-03-15T15:00:00Z Provided by

    Download Proofpoint's solution brief to learn more about the methods hackers are using to imitate your brand. Then sign up for a demo of Proofpoint's Fraud Protection solution to see how Proofpoint can help you manage the risks of brand fraud.

  • Blog

    Deliberate ignorance and the FCPA

    2017-03-15T12:45:00Z

    Tom Fox explores the term “conscious avoidance” under the FCPA, specifically in the case of Frederick Bourke, who invested in an enterprise in Azerbaijan that was engaged in bribery and corruption to obtain certain oil and gas rights of which Bourke claimed he had no knowledge.

  • Blog

    Trump nominee pledges ‘new direction’ for CFTC

    2017-03-15T12:45:00Z

    Acting Commodity Futures Trading Commission Chairman J. Christopher Giancarlo was nominated by President Trump to officially head the agency this week. Awaiting Senate confirmation, he has already detailed bold reforms for the Commission.

  • Blog

    Institute of Directors offers its ideas on navigating Brexit

    2017-03-15T12:30:00Z

    Handling the heavy lifting of a proper Brexit is going to be no small task, especially since nobody wants a great “vacuum period” between the U.K. Great Repeal Bill and whatever regulations are to follow.

  • Blog

    Trump initiates sweeping overhaul of government agencies

    2017-03-15T11:00:00Z

    President Donald J. Trump has unveiled a “comprehensive plan for reorganizing the executive branch,” an overhaul of federal agencies intended to cut federal spending and reduce redundancies.

  • Blog

    SEC nominee faces conflict of interest questions

    2017-03-15T10:15:00Z

    As he prepares to testify before the Senate Banking Committee on March 23, President Trump’s pick to serve as SEC chairman is facing questions about potential conflicts of interest he may face.

  • Blog

    Another Goldman Sachs alumni nominated for top Treasury post

    2017-03-15T09:15:00Z

    With Secretary of the Treasury Steve Mnuchin now in place, the Trump Administration is looking to add another Goldman Sachs executive to a top post at the Treasury Department. James Donovan, a managing director at Goldman Sachs, has been nominated as deputy secretary.

  • Blog

    FASB finalizes change, proposes another to compensation rules

    2017-03-14T19:45:00Z

    The FASB is making inroads on more accounting change around compensation with a new standard for retirement benefits and a new proposal around stock compensation.

  • Blog

    Cheques and balances

    2017-03-14T15:30:00Z

    Sir Philip Green made a deal to pay two-thirds of his former company’s pension deficit last month to keep his reputation intact. But there’s not a lot to be thankful for.

  • Article

    Reporting on climate risks on the bottom line

    2017-03-14T13:45:00Z

    The Financial Stability Board is pressuring companies to disclose in some way what their potential risk business impact from climate change risk might be, as this has become a growing concern for investors.

  • Article

    The future of anti-corruption in Trump’s America

    2017-03-14T13:15:00Z

    We are only a month into the Trump administration, and there are already a number of compliance developments to keep an eye on.

  • Article

    Early work on new lease rules reveals big effort ahead

    2017-03-14T13:15:00Z

    Waiting in line behind revenue recognition, new requirements to bring leases on to corporate balance sheets are starting to win pockets of attention.