All Compliance Week articles in Web Issue – Page 703

  • Article

    Confounding Hints on CCO Success

    2015-06-30T11:15:00Z

    Image: Everyone knows that independent chief compliance officers make for a better compliance program, right? Um, perhaps we need to think again: New data suggests that companies with compliance reporting into the general counsel tend to be more effective. The lesson may not be one of inherent superiority, says LRN’s ...

  • Article

    Advisers Still Feel Unease Over CCO Liability Risk

    2015-06-30T10:45:00Z

    Image: The conversation about personal liability for compliance officers is buzzing again, thanks to a hornet’s nest SEC Commissioner Daniel Gallagher stirred up with a complaint about recent sanctions against two CCOs. “We’re hearing similar concerns among CCOs at investment adviser firms—and not just from CCOs, but also from senior ...

  • Blog

    Aguilar on CCO Liability Fears: Untwist Your Knickers!

    2015-06-30T10:15:00Z

    Image: SEC Commissioner Luis Aguilar has jumped into the conversation about CCO liability, rebutting “unwarranted fear in the CCO community” that the SEC is looking to take enforcement action against compliance officers at investment advisory firms. “CCOs that faithfully and reasonably fulfill [SEC requirements] are not going to be subjects ...

  • Article

    Compliance? There Should Be an App for That!

    2015-06-30T10:00:00Z

    Compliance officers talk a lot about the need to embrace new technology. This week in a guest column from Raphael Richmond, global director of compliance at Ford, we hear how her team developed a compliance app for employees, business partners, the public, and even a certain Big Auto compliance chief ...

  • Article

    Drug, Device Companies Face New FDA Electronic Submissions

    2015-06-30T09:45:00Z

    The Food and Drug Administration is overhauling how it accepts submissions for a host of filing requirements imposed on drug and medical device makers. For many, this will be the first time the submissions have ever been filed electronically. While the move away from paper documents may ultimately be advantageous ...

  • Article

    Compliance Officers as Strategic Partners

    2015-06-30T09:00:00Z

    Lots of people talk about the compliance function as crucial to business strategy today, but gaps remain: According to one PwC survey of chief executives, 78 percent of CEOs say overregulation is the top threat to growing their business; at the same time, only 35 percent of CCOs in PwC’s ...

  • Blog

    Consortium, Filing Agencies Form XBRL Quality Initiative

    2015-06-29T16:30:00Z

    If the Securities and Exchange Commission is dragging its heels on enforcing the quality of data gathered through XBRL, then the market will do what it can to enhance quality on its own.

  • Blog

    Get Ready For the Biggest Stress-Test of Them All

    2015-06-29T14:15:00Z

    Image: Greece in default, China teetering on recession, stock markets shuddering worldwide and interest rates poised for their first increase in years—suddenly, all those exercises in risk management that banks have done in the Dodd-Frank era face their ultimate test. The only problem, writes Compliance Week editor Matt Kelly: Dodd-Frank ...

  • Blog

    SEC to Finalize Clawback Requirements

    2015-06-29T12:45:00Z

    The SEC will meet on Wednesday to consider the long-awaited clawback requirements under the Dodd-Frank Act. The SEC has postponed addressing the incentive compensation clawback provision for years. If the amendments are made, this will usher in a new wave of compliance requirements for many companies. More inside.

  • Blog

    Peak Re Appoints Chief Risk Officer

    2015-06-29T09:00:00Z

    Peak Reinsurance, a Hong Kong-based global reinsurer, has appointed Eckart Roth as chief risk officer, effective July 1. Details inside.

  • Blog

    My 15 'Must-Follows' on Twitter -- 2015 Edition

    2015-06-28T16:00:00Z

    In May 2009, when Twitter was in its infancy, I created a list of "15 People All Securities and Corporate Litigators Should Follow on Twitter." I updated that list here in February 2010, adding and removing a few people as I tried to identify the people and organizations who "consistently ...

  • Blog

    IT Pros Dread Prospect of Compliance Audits

    2015-06-26T11:30:00Z

    Image: Corporate IT teams aren’t prepared to face a compliance audit. In fact, nearly half of respondents to a recent survey said they would rather have a root canal, work over a holiday, live without electricity for a week, or even eat a live jellyfish. “Companies talk about the importance ...

  • Blog

    SEC Rebukes Investment Advisory Firm for Ignoring CCO Pleas

    2015-06-26T11:30:00Z

    A bit of good news amid the discussion of personal liability for chief compliance officers: The SEC has delivered a one-year suspension to an investment advisory firm’s former president on the grounds that he consistently ignored the chief compliance officer’s request for resources, which led to the firm’s compliance failures. ...

  • Blog

    Utah AG Brings Charges Against Latest 'Affinity' Ponzi Scheme

    2015-06-26T10:45:00Z

    Shortly after Utah introduced the nation's first "White Collar Crime Offender Registry" to help fight affinity fraud, the state's Attorney General charged a father and son with 15 counts of securities fraud in which they allegedly exploited their membership in The Church of Jesus Christ of Latter-day Saints to win ...

  • Blog

    CFPB Makes Narratives in Complaint Database Public

    2015-06-26T10:30:00Z

    The Consumer Financial Protection Bureau has made the consumer narratives collected by its controversial complaint database publicly available. In March, the CFPB formalized its policy for accepting and disclosing the complaint narratives. Last week, more than 7,700 of those complaints—lodged against banks, credit card companies, and other consumer-dealing financial ...

  • Blog

    SEC Will Consider Universal Proxy Ballot Rulemaking

    2015-06-25T15:00:00Z

    Image: SEC Chair Mary Jo White said in a speech Thursday that the agency will, in time, propose rulemaking to allow universal proxy ballots—single proxy cards that list both management’s and opponents’ nominees in contested director elections. White says a date has not yet been set for the proposal. More ...

  • Event

    SOX & Internal Controls Update Conference

    2015-06-25T00:00:00Z

    San Francisco, CAUnited States

  • Event

    OpRisk Asia

    2015-06-25T00:00:00Z

    Singapore

  • Event

    Anchorage Regional Compliance & Ethics Conference

    2015-06-25T00:00:00Z

    Anchorage, AKUnited States

  • Resource

    Integrated Compliance: Always Audit Ready

    2015-06-24T16:30:00Z Provided by

    The burden and complexity of compliance is growing, and the repercussions for failing to comply fully with laws and rules are damaging and far reaching. Many regulations apply to companies regardless of industry, such as data privacy, safety, and work rules, while others are specific to an industry. Non-compliance in ...