Law 360 M&A

AUGUST 24, 2023

subsidiary of Canada's Toronto-Dominion Bank revealed in a shareholder report Thursday that it has received inquiries from regulatory and law enforcement authorities, including the U.S. Department of Justice, regarding its compliance with anti-money laundering regulations and that it expects penalties in the end.

Compliance 74

Compliance Banking 74

Harvard Corporate Governance

OCTOBER 19, 2022

Posted by Carine Smith Ihenacho, Wilhelm Mohn, and Alexis Wegerich, Norges Bank , on Wednesday, October 19, 2022 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer, Wilhelm Mohn is Global Head of Corporate Governance, and Alexis Wegerich is Head of ESG Analytics at Norges Bank Investment Management.

Banking 248

Banking Compliance Marketability Technology 248

Harvard Corporate Governance

DECEMBER 3, 2023

Opportunities remain to better align external risk reporting with internal risk management and reporting processes, improve the readability and categorization of risks, and make disclosures less generic.

Enterprise Value 334

Enterprise Value Market Risk Technology Compliance 334

Harvard Corporate Governance

JUNE 15, 2022

According to press reports, the Securities and Exchange Commission (the “Commission” or the “SEC”) is requiring Wall Street banks to undertake an unprecedented review of dozens of their top executives’ and traders’ personal cell phones to determine the frequency with which these platforms are used to conduct bank business.

Banking 223

Banking Compliance Technology 223

Global Finance

OCTOBER 23, 2024

The use of AI in finance has been a hot topic at this year’s Sibos conference, as banks consider how AI can transform the way financial services are delivered and consumed, and, more urgently, how its data is managed. The post Banks Seek Ways To Manage Data Quality For AI Services appeared first on Global Finance Magazine.

Banking 111

Banking Finance Compliance Technology 111

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

Banking Finance Treasury Marketability 111

Harvard Corporate Governance

JANUARY 14, 2023

It also specifies that large financial institutions should monitor microprudential risks, including credit, market, liquidity, operational, and legal and compliance risks, as well as other financial and nonfinancial risks that could arise from climate change.

Banking 260

Banking Compliance Marketability 260

N Contracts

MARCH 16, 2022

Training is important for anyone entering a new role at a bank, credit union, or mortgage company—but that’s not the only way to help a new employee get up to speed.

Compliance 98

Compliance Banking 98

Global Finance

DECEMBER 6, 2024

Private banks increase their technology investments to improve their high-touch offerings for the wealthy. On the other side of the equation are the global private banks, which see the current mixture of massive wealth generation and increasingly complex demands as a generational opportunity. David Frame, CEO of J.P. Morgans U.S.

Banking 98

Banking Technology Finance Marketability 98

N Contracts

JULY 12, 2022

Every profession has an unofficial motto.

Compliance 98

Compliance Banking 98

Harvard Corporate Governance

MARCH 9, 2023

For instance, in 2012, HSBC Bank USA N.A. As part of the agreement, HSBC entered into a corporate compliance monitorship for a period of five years.

Compliance 228

Compliance Banking 228

N Contracts

NOVEMBER 26, 2024

Choosing profits over compliance will get you in trouble with the Justice Department. That’s the lesson TD Bank learned in a $3 billion settlement related to large-scale Bank Secrecy Act (BSA) program violations.

Compliance 52

Compliance Banking 52

Financial Times M&A

AUGUST 22, 2024

The lender is now on the defensive after its sloppiness has caught up with it

Compliance 102

Compliance Banking 102

N Contracts

APRIL 10, 2024

Regulatory compliance is essential for banks and other financial institutions, ensuring that operations and activities meet legal and regulatory requirements and adhere to industry-recognized ethical standards.

Compliance 52

Compliance Banking 52

Harvard Corporate Governance

JUNE 10, 2024

Posted by Elisa Cencig, Wilhelm Mohn, and Carine Smith Ihenacho, NBIM, on Monday, June 10, 2024 Editor's Note: Elisa Cencig is Head of Policy Engagement, Wilhelm Mohn is Global Head of Active Ownership, and Carine Smith Ihenacho is Chief Governance and Compliance Officer at Norges Bank Investment Management (NBIM).

Compliance 203

Compliance Banking Marketability 203

Harvard Corporate Governance

APRIL 5, 2022

Special attention must be paid to the impact of measures swiftly introduced by many governments, including the US, to sanction Russian banks, state-owned enterprises, and oligarchs and to control exports from Russia.

Compliance 312

Compliance Banking Technology Marketability 312

N Contracts

DECEMBER 5, 2023

Bank of America is on the hook for $12 million in penalties after the Consumer Financial Protection Bureau (CFPB) issued a consent order against the bank for falsifying mortgage lending data.

Banking 105

Banking Compliance 105

Harvard Corporate Governance

MAY 2, 2024

Posted by Carine Smith Ihenacho, Tim Smith, and Kristin Verpe (NBIM), on Thursday, May 2, 2024 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer, Tim Smith is Lead Investment Stewardship Manager, and Kristin Verpe is Investment Stewardship Analyst at Norges Bank Investment Management (NBIM).

Banking 145

Banking Compliance 145

Harvard Corporate Governance

NOVEMBER 11, 2022

Posted by Patrick Dennis (University of Virginia), Kristopher Gerardi (Federal Reserve Bank of Atlanta), and Carola Schenone (University of Virginia), on Monday, November 7, 2022. Posted by Amma Anaman, Helle Bank Jørgensen, and Chantal Wessels, Nasdaq, Inc., The 20-Year Decline in Loan Covenant Violations. Posted by Thomas P.

Compliance 189

Compliance Banking Treasury Marketability 189

Brian DeChesare

JUNE 15, 2022

Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.).

Banking 98

Banking Treasury Start-ups Finance 98

N Contracts

SEPTEMBER 12, 2023

September 12, 2023 -- Ncontracts , the leading provider of integrated compliance and risk management solutions to the financial industry, revealed today that 72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process. BRENTWOOD, Tenn.,

Compliance 59

Compliance Banking 59

Brian DeChesare

JANUARY 11, 2023

This leads us to the possible impact on investment banking and other finance-related roles. I predict many legal/regulatory/compliance battles as people argue about what is human vs. machine-written and whether AI tools can take their content from humans without citing their sources or referring people to the originals.

Banking 111

Banking Start-ups Finance Compliance 111

N Contracts

JUNE 30, 2022

In the first quarter of 2022 alone, digital active users at Bank of America alone grew to 42 million, up 2 million from a year earlier, and 5 million since the start of the pandemic, according to a Motley Fool blog post. The trend of moving to digital transactions that started during the pandemic shows no signs of slowing down.

Banking 105

Banking Start-ups Compliance 105

N Contracts

OCTOBER 4, 2023

The Justice Department (DOJ) continues to fulfill Attorney General Merrick Garland's 2021 promise that his department would “spare no resources” in upholding fair lending laws – this time with a $9 million redlining settlement with a $7 billion-asset Rhode Island bank.

Banking 105

Banking Compliance 105

N Contracts

SEPTEMBER 5, 2023

What does the survey data tell us about the emerging risks in banking? Does your financial institution face the same risks?

Banking 98

Banking Compliance 98

Appraisers Blog

AUGUST 30, 2024

Most not all are) AMC= As*shat Micromanaging Cheapskates who harm consumers, appraisers, our banking system and could be harming our economy too. In reply to Chase Pursley.

Appraisal 98

Appraisal Compliance Banking 98

Harvard Corporate Governance

SEPTEMBER 15, 2024

As fintechs grow, they should consider whether they have all necessary licenses to operate and whether existing compliance and risk management infrastructure should be augmented to be “fit for purpose.” Bank-fintech partnerships are under the regulatory microscope.

Banking 140

Banking Compliance 140

Mckinsey and Company

DECEMBER 6, 2024

A renewed focus on the 2013 data risk management regulatory standard poses new challenges and opportunities for European and US banks. Achieving compliance will take a structured, top-led approach.

Banking 110

Banking Compliance 110

Brian DeChesare

OCTOBER 30, 2024

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. not banks or investment firms). What Are Corporate Finance Jobs?

Corporate Finance 105

Corporate Finance Finance Treasury Banking 105

N Contracts

AUGUST 21, 2023

Social Media Risk Assessments for Banks and Credit Unions When IndyMac and Washington Mutual failed in 2008, it took weeks of negative reporting before customers pulled their deposits.

Banking 98

Banking Compliance 98

N Contracts

JANUARY 25, 2024

Bank failures have happened to financial institutions of different sizes over the past 40 years, but the reasons are the same. Find out why and how risk management can help.

Banking 105

Banking Compliance 105

N Contracts

JULY 26, 2022

These relationships help banks, credit unions, mortgage companies, and other fintechs satisfy consumer demands and keep pace in a rapidly evolving marketplace. Fintech relationships are game changers for financial organizations.

Compliance 98

Compliance Banking 98

N Contracts

APRIL 13, 2022

What does the future hold for community banking? We recently spoke with Greyson Tuck, an attorney with Gerrish Smith Tuck, which provides legal and consulting services for financial institutions, on the Ncast podcast to get his insights on the future of community banking and how to prepare for it.

Banking 98

Banking Compliance 98

N Contracts

AUGUST 12, 2024

In a landmark decision this year, the Supreme Court overturned the long-standing Chevron doctrine, fundamentally reshaping how courts will interpret federal agency regulations - including those impacting the banking industry.

Banking 94

Banking Compliance 94

Harvard Corporate Governance

NOVEMBER 8, 2022

Posted by Amma Anaman, Helle Bank Jørgensen, and Chantal Wessels, Nasdaq, Inc., on Tuesday, November 8, 2022 Editor's Note: Amma Anaman is Associate General Counsel and Legal Relationship Manager, Helle Bank Jørgensen is CEO of Competent Boards, and Chantal Wessels is Vice President, Head of Global Reporting and Corporate ESG at Nasdaq, Inc.

Banking 261

Banking Compliance 261

N Contracts

JANUARY 30, 2025

Compliance has always been a significant concern for financial institutions (FIs). Still, regulatory fears are increasing following the fallout of Silicon Valley Bank in 2023, an unprecedented number of credit union enforcement actions , and other activities rocking the financial services space.

Compliance 52

Compliance Banking 52

Harvard Corporate Governance

DECEMBER 1, 2023

Introduction The recent failures of Silicon Valley Bank and First Republic have drawn attention to how rare it is for uninsured depositors at a failed bank to bear losses. Over the past 15 years, uninsured depositors have experienced losses in only 6% of US bank failures. Normal 0 false false false false EN-US X-NONE X-NONE I.

Banking 173

Banking Treasury Compliance Marketability 173