Regulatory Wrap Episode #25: Reviewing Regulatory Risks, Lessons from a $350M Fine
In Regulatory Wrap for the week to April 5, Rob Mason considers how firms can ensure effective surveillance procedures and complete trading data capture in reflection of related enforcements.
Frantic February: Should compliance teams be worried after a mega month for the FCA?
Does increased action from the U.K. regulator suggest that new hires and new strategies are taking effect? And what does this mean for your compliance team?
Regulatory Wrap Episode #24: Revealing Regulatory Fines, Deficiencies & Penalties
In Regulatory Wrap for the week to March 22, Rob Mason recounts what led to joint action penalties against a major U.S. investment bank for its lacking surveillance program.
JPMorgan Chase hit with almost $350 million in fines for gaps in trade surveillance data
With JPMorgan Chase being fined a considerable $350 million sum for “unsafe or unsound” practices around trade surveillance, what impacts will this have on how firms trade and communicate compliantly?
Regulatory Wrap Episode #23: Mastering Operational Resilience and Cyber Compliance
In Regulatory Wrap for the week to March 15, Jennie Clarke covers cyber resilience and the regulatory activity taking place throughout the year to protect firms’ safety.
OCC to join regulatory rollout as it eyes operational risk requirements for banks
The OCC has announced that it is focusing on baseline operational resilience requirements for large banks with critical operations.
Bank Secrecy Act (BSA) of 1970
The Bank Secrecy Act works to prevent money laundering and terrorist financing in the USA. With many facets, the Act covers regulatory requirements for banks and financial institutions, ensuring they raise red flags when suspicious activity occurs.
OCC Semiannual Report Puts Banking Risks in Perspective
The Office of the Comptroller of the Currency’s report has highlighted the key areas of risk that banks need to manage to stay resilient and maintain confidence – and counseled against complacency.