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Compliance

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  • Senate Banking Committee chairman Richard Shelby of Alabama published long-awaited details of the Financial Regulatory Improvement Act of 2015, listing proposals that would lighten compliance burdens for small financial firms and enforce more transparency at the central bank and the financial stability council. But the committee's top Democrat,...

  • May 5- MarketCounsel, a regulatory compliance consulting firm, hired Loren Morris as director of strategic development and Bob Powell as director of special projects. Morris will join the firm from Cantor Fitzgerald, where he was partner and director of operations and advisor services. He has previously worked at Dynasty Financial Services, Charles Schwab...

  • WASHINGTON, May 1- U.S. telecom industry groups, alongside AT&T Inc and CenturyLink Inc, called for regulators to block parts of new rules for Internet service providers on Friday, citing "crushing" compliance costs and threats to investment. The request, expected to be rejected by the FCC, is a prelude to a building court battle over the rules, which put the agency...

  • TELECOM INDUSTRY SAYS NEW REGULATORY REGIME, PRIVACY REQUIREMENTS WILL CREATE UNRECOVERABLE COMPLIANCE BURDEN, HURT RURAL BROADBAND DEPLOYMENTS.

  • AMSTERDAM, March 26- A Dutch regulatory agency raided the Amsterdam offices of taxi hailing service Uber on Thursday in connection with its UberPOP unit after a court deemed it illegal in December. Amsterdam newspaper Het Parool reported the company saying the raid was a "warning to international start-ups, technology companies and multinationals that...

  • BOSTON, March 23- Bank of America's Merrill Lynch brokerage unit agreed to pay a $2.5 million fine in Massachusetts to settle charges that it failed to follow its own compliance rules, the state's top securities regulator said on Monday. Secretary of the Commonwealth William Galvin accused Merrill, Lynch, Pierce, Fenner& Smith of failing to supervise employees...

  • *Beijing to tax profits from previous five years. BEIJING, Feb 26- Chinese regulators have revealed key details of how China plans to tax past profits of foreign institutional investors via cross-border investment programmes, said sources who attended a compliance training session for programme participants in Beijing on Thursday. Together, the two...

  • LONDON, Jan 22- Britain's financial regulator has fined and banned the former chief executive and compliance chief of UK brokerage RP Martin for "compliance and cultural failings" that it said permitted the alleged manipulation of Libor benchmark interest rates. In its first fine on individuals for failings related to a sprawling, global investigation, the...

  • LONDON, Jan 22- Britain's financial regulator has fined and banned the former chief executive and compliance chief of UK interdealer broker RP Martin for "compliance and cultural failings" that it said permitted the alleged manipulation of benchmark interest rates. In its first fine on individuals for failings related to a sprawling, global investigation,...

  • WASHINGTON, Jan 15- U.S. pension regulators questioned Thursday whether criminal violations in one unit of Credit Suisse Group AG reflect broader compliance problems at the Swiss bank, in an unusual public hearing to vet its request to continue managing retirement plans. At issue is whether Credit Suisse should be granted permission to continue managing...

  • WASHINGTON, Jan 15- U.S. pension regulators said Thursday they have some concerns that Credit Suisse may lack a company-wide culture of compliance, and vowed to investigate further if they ultimately decide to let the bank continue managing U.S. retirement plans. Top Department of Labor officials made their comments during a public hearing, in which Credit...

  • ST. LOUIS, Jan 7- Under pressure from its U.S. regulator, Bank of America has shifted its compliance group from its legal department to its risk oversight group, a source familiar with the matter said. Officials with the Office of the Comptroller of the Currency, which in September finalized "heightened expectations" guidelines for the way large banks manage their...

  • 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.