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Financial industry anxious for clarity on swap-facility rules; business conduct a key compliance issue
The business conduct rules will be a major concern for compliance officers, said Robert Pickel, chief executive of the International Swaps and Derivatives Association.
Posted in Best Trends
Tagged anxious, business, clarity, compliance, conduct, financial, industry, issue, rules, swapfacility
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U.S. Justice Department chooses former prosecutor to be HSBC compliance monitor
Cherkasky is one of three candidates that HSBC nominated for the monitor job in January. He has held the reins at Kroll Inc, Marsh & McLennan Companies Inc, and most recently Altegrity, which…
Posted in Best Trends
Tagged chooses, compliance, department, former, HSBC, justice, monitor, prosecutor, U.S.
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Goldman standards review reflects new compliance landscape
Local authorities and small companies in the U.S. and Europe were saddled with large losses on finance trades involving derivatives. Many such entities are seeking restitution from regulators or…
Posted in Best Trends
Tagged compliance, Goldman, landscape, reflects, review, Standards
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CFTC rules on swaps trading put demands on compliance oversight
Asset managers have stated concerns that requesting swap quotes from a wider number of sell-side banks and broker dealers, will risk exposing their investment strategies to the market.
Posted in Best Trends
Tagged CFTC, compliance, demands, Oversight, rules, swaps, trading
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Exclusive: Consultancies on second tier as Justice Department seeks HSBC compliance monitor
In January, HSBC passed a list of three preferred monitor candidates to the Justice Department, which can choose one of them or instruct HSBC to come up with a new list.
Posted in Best Trends
Tagged compliance, Consultancies, department, exclusive, HSBC, justice, monitor, second, seeks, tier
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ACCELUS SUMMIT: FATCA compliance is a manageable challenge, but deadlines loom
The key to establishing a FATCA compliance program is to create onboarding and monitoring protocols that identify responsibility for functions, and to educate customers and clients about their tax…
Posted in Best Trends
Tagged ACCELUS, challenge, compliance, deadlines, FATCA, loom, manageable, summit
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ACCELUS SUMMIT: FATCA compliance is a manageable challenge, but deadlines loom
The key to establishing a FATCA compliance program is to create onboarding and monitoring protocols that identify responsibility for functions, and to educate customers and clients about their tax…
Posted in Best Trends
Tagged ACCELUS, challenge, compliance, deadlines, FATCA, loom, manageable, summit
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Future higher ethical standards will judge today’s conduct, compliance experts say
Standard Chartered Bank and HSBC, which were prior year honorees, in 2012 respectively paid penalties of $ 667 million and $ 1.92 billion over charges of helping customers evade anti-money laundering…
Posted in Best Trends
Tagged compliance, conduct, ethical, experts, future, higher, judge, Standards, today’s
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Compliance is today’s slogan for upcoming law graduates, conference speakers say
Compliance must have senior management’s support in being independent of the firm’s business, and business line managers must accept that they – not the compliance function – are ultimately…
Posted in Best Trends
Tagged compliance, conference, Graduates, slogan, speakers, today’s, upcoming
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Internal compliance reporting programs must consider motivations for acting, experts say
Unethical behavior is repeated because “most interventions ignore the psychology of people being confronted with ethical dilemmas.” – Ann Tenbrunsel, professor of business ethics at Notre Dame…
Posted in Best Trends
Tagged acting, compliance, consider, experts, internal, motivations, must, programs, reporting
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