The whole ESG thing seems to be diametrically apposed between the EU and US. With 99% of EU member states, members of the General Reporting Council voting in favor of Environmental, Social and Governance (ESG) rating activities.This Regulation introduces a…
The PCAOB is looking to force auditors to consider whether a company is complying with all laws and regulations that apply to it. The result of which could mean that correspondence between companies and their Attorneys is subject to audit…
A breach in financial controls results in Barclays Bank receiving a $200million civil penalty from the SEC, for selling $17 billion of securities in excess to those registered with the commission. #regulation #securitiesandexchangecommission View Original Post
Coming on the same day as a review by the NYDFS of its oversight of Signature bank. One suspect that regulators are self flagellating themselves for their roles in the oversight and assurance of these banks. In both cases SVB…
Legacy IT can be a problem for many companies. But it is more of a problem for the Financial Services sector. In this instance the German Finance regulator may increase regulatory capital, or Solvency capital, of Allianz by â¬2 Bn…
Definitely a great read on a Saturday from James Dempsey, with Part 2 of his 3 part series on cybersecurity enforcement. Cyber enforcement that one can say is out of the starting gates and heading towards completing its first furlong…
An important read for corporate compliance, reaffirming the oversight that U.S regulators are adopting over corporate compliance programs and compliance officers. As the Commodities Futures Trading Commission (CTFC) moves to raise charges against the former Chief Compliance Officer of the…
A great article written earlier this month by James Dempsey discussing the impact of enforcement in cyber regulatory compliance. The breadth of cybersecurity regulation being released by U.S, EU and Australian regulators in 2022 and so far in 2023 is…
Ted Dziekanowski one suspects with the Crypto issues of 2022 growing concerns over financial reporting and concerns raised over the application of appropriate accounting standards. The PCAOB is growing its budget to better enable oversight and assurance of accounting standards.…
Earlier this Month the SEC announced fines of over $1.1 Billion levied against 16 Financial Institutions for their use of messaging apps (), Apps used by staff to discuss trades and deals in breach of market regulation. The SEC is…
