Compliance

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  • DRAFTKINGS SAYS REGULATORY RISK AND COMPLIANCE FIRM EXIGER WILL HELP IT DEVELOP ITS SAFETY AND CONSUMER PROTECTION PRACTICES.

  • HONG KONG/ LONDON, Nov 2- HSBC profit jumped by a third in the latest quarter as a drop in fines for past misconduct more than offset the impact of a slowdown in Asia and increased spending on regulatory compliance. HSBC's underlying revenue fell 4 percent year on year to $15.1 billion compared, with plunging stock markets and slowing economic growth hitting its...

  • HONG KONG, Nov 2- HSBC reported a better than expected 32 percent rise in pretax profit for the third quarter, with a drop in fines for past misconduct countering the impact of a slowdown in Asia and a jump in spending on regulatory compliance. Underlying revenue fell 4 percent to $15.1 billion compared with the same quarter last year, as plunging stock markets and...

  • HONG KONG, Nov 2- HSBC reported a better than expected 32 percent rise in pretax profit for the third quarter, thanks to reduced costs from fines and settlements with regulators as heavy spending on compliance by Europe's biggest bank begins to take effect. HSBC said costs from regulatory punishments fell $1.4 billion from the third quarter of last year, showing...

  • HONG KONG, Nov 2- HSBC reported a better than expected 32 percent rise in pretax profit for the third quarter, thanks to reduced costs from fines and settlements with regulators as heavy spending on compliance by Europe's biggest bank begins to take effect. The earnings update gives investors a first chance to check on progress on the 10 goals HSBC's management...

  • Oct 11- A senior player in HSBC's push to improve the way it polices transactions for criminal activity left the British bank late last month, creating a possible gap in leadership as it seeks to satisfy compliance demands from U.S. regulators and the U.S. Department of Justice. Wager was HSBC's top U.S. anti-money laundering executive until early this year when...

  • SAN FRANCISCO, Oct 9- California has given carmaker Volkswagen until November 20 to come up with a plan to fix the diesel cars affected by its rigging of emissions tests, a spokesman for the California Air Resources Board said on Friday. The CARB spokesman said the deadline represents 45 business days from an in-use compliance letter sent to Volkswagen dated...

  • *Newspaper says "defeat devices" switched on in Europe. BERLIN, Oct 8- Volkswagen's top U.S. executive knew the carmaker might be breaking U.S. emissions rules as long as 18 months before it admitted cheating diesel tests to regulators, he will tell a panel of U.S. lawmakers on Thursday. I was told that there was a possible emissions non-compliance that could be...

  • Sept 30- Tractor Supply Co Inc has reached a settlement with U.S. regulators over allegations that the retailer imported and sold vehicles and engines from China that did not comply with clean air and emission information labeling rules. Tractor Supply will pay a penalty of $775,000 and implement a compliance plan, the U.S. Environmental Protection Agency and...

  • Compliance risks as Iran sanctions lifted Tuesday, 22 Sep 2015 | 11:45 AM ET
    Compliance risks as Iran sanctions lifted

    Hugh Jones, CEO of Accuity, says businesses may face compliance problems when they try to do business in new markets such as Iran, where sanctions are expected to be lifted next year.

  • Sept 17- In a sign of the growing importance of regulation and compliance at independent brokerages, LPL Financial Group is splitting its regulatory affairs group in half and hiring another former Wall Street regulator to help run the department. Emily Gordy, a former enforcement executive at the Financial Industry Regulatory Authority, will run the part of...

  • WASHINGTON, Aug 19- A unit of Citigroup Inc will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said. Wednesday's settlement with the Securities and Exchange Commission marks the second time this week that Citigroup has been dinged for regulatory failures.

  • NEW YORK, Aug 18- Promontory Financial Group LLC has agreed to pay $15 million to New York's banking regulator and refrain from certain new business with state-regulated banks for six months after being accused of whitewashing a report about sanctions compliance at Standard Chartered Bank. Promontory is the third consulting firm to settle with the New York...

  • The cost of compliance Monday, 4 Nov 2013 | 12:21 AM ET
    The cost of compliance

    Francis Lun, CEO at GEO Securities says the cost of compliance will affect banks earnings for years to come.

  • Compliance: A policeman’s lot is not a happy one Thursday, 17 Oct 2013 | 4:09 AM ET

    Hector Sants’ break from his role as chief compliance officer at Barclays due to stress has highlighted the strains on banks’ internal policemen.

  • New Financial Regulations Hard to Manage? Tuesday, 2 Jul 2013 | 4:45 AM ET
    New Financial Regulations Hard to Manage?

    Neil Owen, global practice director at Robert Half Financial Services, discusses how challenging the "wave of new regulations" is for financial services executives, especially finding the right talents to implement the changes.