IT Compliance Advisor:

Financial industry


November 12, 2015  8:51 AM

Fed Chair says regulatory compliance problems persist at large banks

Fran Sales Fran Sales Profile: Fran Sales
Audit and compliance, CFO, Compliance, Dodd-Frank, Finance, Financial firms, Financial industry, grc, GRC strategy, regulatory compliance, Risk management

In recent regulatory compliance news, the Federal Reserve Chairwoman testified before a House panel that very large U.S. banks still experience "substantial" GRC management failures; recent research casts doubt...

August 19, 2015  5:52 PM

SEC greenlights Dodd-Frank pay-ratio rule, backs internal whistleblowers

Fran Sales Fran Sales Profile: Fran Sales
Compliance, Dodd-Frank, Financial industry, grc, Regulations, regulatory compliance, SEC, Whistleblower

The U.S. Securities and Exchange Commission (SEC) announced this month that it has approved a contentious pay-ratio rule first introduced by the Dodd-Frank Act five years ago. Also in recent...


July 31, 2015  4:43 PM

Finance firms spend millions on compliance, but lack long-term strategy

Fran Sales Fran Sales Profile: Fran Sales
Chief Compliance Officer, Compliance, Dodd-Frank, Financial firms, Financial industry, GRC strategy, regulatory compliance

Numerous regulations were introduced worldwide to make financial services institutions more resilient following the monetary crisis of 2007 to 2008. Now, these regulations, which global management consulting firm Accenture collectively calls global structural reform (GSR), are having an impact on...


May 28, 2015  1:31 PM

Wall Street, small banks still plagued by regulatory compliance enforcement

Fran Sales Fran Sales Profile: Fran Sales
Banking industry, Chief Compliance Officer, Compliance, Dodd-Frank, Financial fraud, Financial industry, Financial regulations, grc, regulatory compliance

If recent headlines are any indication, Wall Street banks and other financial institutions continue to garner poor marks when it comes to regulatory compliance: Earlier this month, several major global banks pleaded guilty to federal accusations regarding the rigging of foreign exchange rates. Also...


October 17, 2014  4:12 PM

JPMorgan Chase hackers compromised 13 other finance companies

Fran Sales Fran Sales Profile: Fran Sales
CIO, Customer data, Cyberattacks, Cybercrime, cybersecurity, Data privacy, Data security breaches, Financial firms, Financial industry, Google, Retail/point-of-sale applications, Search engines, Search Indexing

Online consumer security and privacy remains in the headlines as big-name companies continue to report cybersecurity breaches. Further investigations into the JPMorgan Chase cyberhack revealed that 13 other financial institutions' computers were also breached, while Dairy Queen and Kmart's in-store...


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