The Senate Banking Committee dipped its toes this week into the future of fintech regulation, debating whether that future should mean implementing new rules to cover the emerging sector or shedding existing financial regulations that might hamper innovation. The hearing included testimony from representatives of fintech and financial services companies as well as academia. Committee…
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More than 1,700 audit and compliance professionals have gathered in Nashville this week for Workiva’s annual user conference and the annual meeting of the SOX Professionals Group. Yours truly is on the scene, trying to capture all the good insight and latest news on SOX compliance. Here’s what we have from Day 1. Tuesday was…
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Now that Brett Kavanaugh’s nomination to the Supreme Court has turned into a #MeToo meltdown, ethics and compliance officers should roll up their sleeves. Peel away the political dimension to this mess, and plenty of lessons emerge about investigations, whistleblower reports, and corporate values that are worth contemplating. We have several threads to pull: how…
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This week the Compliance Jobs Report has CCO personnel moves at Vanguard, Deutsche Bank, Realogy Holdings, and the lovely city of Beverly Hills. Several compliance professionals have hit career milestones, we have a few cool job openings, and our Meme of the Week goes out to all you business ethics specialists. I gather these bits…
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PwC is trying to recover from tragedy this week in a way that every ethics and compliance professional should applaud: by asking employees to confront difficult questions about race and empathy in America, in a statement directly from the firm’s U.S. leader. A risk assurance associate at the firm’s Dallas office, Botham Jean, was shot…
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Fresh news on the regulatory compliance front: banking regulators published a bulletin on Tuesday clarifying the role of the supervisory guidance they issue, to remind everyone that violating points raised in guidance documents is not an automatic compliance failure unto itself. This is in step with the Trump Administration’s larger effort to defang “sub-regulatory guidance”…
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Like millions of other Americans, I read that anonymous opinion column in the New York Times last week, apparently written by some senior official in the Trump Administration quietly aghast at the nuttiness of President Trump — and I thought, “Wow, that guy is a cowardly jackass.” That’s an easy reaction to have, after all.…
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Another huge Compliance Jobs Report this week! The head of accounting at Tesla just took the first exit he could find; compliance turnover at Cox Enterprises; news from Southern Co., Dolby Labs, and the World Bank, and a ton more. Plus our Meme of the Week goes out to all you Star Wars fans. I…
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The SEC doled out another huge whistleblower award on Thursday, this time splitting $54 million between two whistleblowers in a case with enough special circumstances to make your head spin. The first recipient, Claimant 1, received $39 million, the second-largest award the SEC has ever given. That said, the SEC denied Claimant 1 even more…
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The compliance community has less than two weeks left to submit comments on the Securities and Exchange Commission’s proposed revamp of its whistleblower awards program. So far, most of the comments received are not flattering. The SEC voted 3-2 along party lines in June to issue the proposed tweaks to the whistleblower program, which has…
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Technically, Radical Compliance is the personal blog of Matt Kelly, long-time writer and observer of the corporate compliance and GRC scene. I was a writer, editor, and publisher at Compliance Week, 2003 through 2015; some of you may know me from my career there. I also speak frequently at compliance conferences and other events, and will pretty much shoot the breeze on any compliance topic with anyone who asks.