Now that election season is upon us, compliance professionals have a few races worth watching in Washington. The outcomes could have profound implications for financial regulation starting next January. First is the intriguing case of Rep. Scott Garrett, a New Jersey Republican who serves on the House Financial Services Committee and chairs the Sub-committee on…
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One big lesson for compliance and audit executives this year will be the risks that swirl around compensation and incentives. Wells Fargo will be Exhibit A in that discussion, and rightly so. Still, the more I look at the SEC’s enforcement action against Credit Suisse last week, where it fined the bank $90 million for…
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Lots of compliance jobs news this week, from State Street to Smith & Nephew to Etsy and elsewhere. We also have news and gossip about Convercent, Siemens, Janus Capital, and more. I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something to include. If you have a tip or want to…
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Don’t look now, but the Securities and Exchange Commission just expanded your scope of worry for internal performance metrics. Yesterday the SEC fined Credit Suisse $90 million for employees’ improper manipulation of two performance metrics. Was the misconduct on the same scale as what we saw at Wells Fargo? No, mostly because the victims here…
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Washington gave the compliance community a bucket of FCPA enforcement actions to study last week, from the Ochs-Ziff settlement (holding a chief executive personally liable for misconduct) to the HMT and NCH Corp. deals (declining to file charges, but taking ill-gotten gains back from the companies anyway). To my mind, however, the most interesting FCPA…
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GRC gossip and jobs news for the week of Sept. 30: a new head of the SEC Whistleblower Office, new compliance chiefs at Citizens Financial and Jazz Pharmaceuticals, a few vendors getting acquired, and lots more. I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something to include. If you have…
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Should the chief compliance officer have a role in setting executive pay? That was a big question asked at the Society of Corporate Compliance & Ethics annual conference this week. You couldn’t escape the subject. More than 1,700 compliance professionals had gathered to talk about good corporate conduct, and we had examples of bad corporate conduct…
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The Society of Corporate Compliance & Ethics annual conference always provides a torrent of useful ideas and advice. I spent the first day attending several sessions on cybersecurity risks and privacy compliance. Without further delay, here is a collection of random observations I jotted down, in no particular order… Remember that one weak spot in…
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Radical Compliance will be on the road again this week, this time traveling to Chicago for the Society of Corporate Compliance & Ethics annual conference. Expect lots of tweets and photos during the conference itself, and then multiple posts exploring some of the many, many excellent sessions on the agenda. SCCE is the largest gathering…
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Lots of compliance professionals taking new jobs this week of Sept. 23; we have news from FIFA, Banamex, Centene Corp., Raytheon, Kroll, Pratt & Whitney and lots more. I gather these bits of gossip from LinkedIn, news alerts, and friends emailing me something to include. If you have a tip or want to brag about your new…
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