calculator and notes

Research Billing: The Current State of Affairs

Posted by - October 26, 2017
U.S. financial institutions are scrambling to adjust to the expected shift within the trading industry with the implementation date of MiFID II, January 3, 2018,  quickly approaching. Whether or not financial institutions plan to absorb the cost of research, middle and back office CSA and research processes and reporting must adapt…
man pressing disruption word button on virtual screen

Strengthening Compliance with AML-as-a-Service

Posted by - October 5, 2017
A Tectonic Shift in Operating Models? Financial services has always been a heavily regulated industry. And while anti-money laundering and counter-terrorist financing regulations are getting more stringent by the day, financial criminals continue to find ways to bypass the strict monitoring rules employed by banks. Banks face increased regulatory scrutiny,…
concept of bank lending

Minimizing Risk through Geospatial Technology

Posted by - October 4, 2017
The Need for Regulatory Support Financial institutions and federal bank regulators can integrate location intelligence as a regulatory technology (Regtech) solution to ensure compliance with anti-money laundering (AML) standards, financial inclusion requirements, and fair lending regulations. This article outlines the key benefits for banks and regulatory authorities of integrating geospatial…
dirty handprint on bank note

Driving Compliance in Financial Services Through AI

Posted by - September 29, 2017
What Money Laundering Looks Like in Community Banks Although they generally have smaller compliance teams and budgets, the nation’s community banks face the same arduous compliance challenges as their larger bank counterparts. Artificial intelligence and machine learning solutions can greatly assist community banks by detecting suspicious entities and transactions in…
business team wearing phone headsets

The Battle for Call Recording Compliance

Posted by - September 14, 2017
A “Call” to Arms for Banks In the wake of growing and complex financial legislation, many banks and financial service companies in the U.S., Europe, and Asia have been looking to ensure the activities of their traders and contact centers are compliant with these regulatory requirements. However, call recording compliance…
team in boardroom

Fed to Lessen Supervisory Expectations on Boards

Posted by - September 6, 2017
Proposed Guidance for Banks and Holdings Companies In August, the Board of Governors of the Federal Reserve published proposed guidance on certain supervisory expectations for Boards of Directors of banks and holding companies. The proposed guidance would attempt to clarify the process that Federal Reserve examiners and supervisory staff should…
sign reading "wi-fi zone"

The Many Compliance Challenges of Mobile Computing

Posted by - July 31, 2017
A Compliance Officer’s Role in Mitigating This Risk Mobile computing presents a unique set of challenges to compliance officers. Our devices are truly omnichannel and not just dedicated to one aspect of our lives.  No organization can be fully compliant with data protection regulations when its staff carry personal devices with…
woman entering information at keyboard

Deconstructing MiFID II

Posted by - June 26, 2017
6 Critical Changes for Client Life Cycle Management In less than six months’ time (January 3, 2018), banks must be fully compliant with MiFID II regulatory obligations, bringing in wide-ranging compliance changes. Laura Glynn, Fenergo Director of Regulatory Compliance, examines the six key changes that MiFID II will have on…
bank teller's window

Sun May Be Rising for Community Banks

Posted by - March 3, 2017
A new world of opportunity for community banks may be opening up this year, as new Federal Financial Institutions Examination Council (FFIEC) rules for smaller community banks take effect. The new rules should lessen the regulatory burden community banks face – a welcome change, given that these institutions have been…

Reducing Your Attractiveness to Activists

Posted by - April 20, 2016
In this podcast episode from PwC, leading experts Randy Starr and Hunter Hohlt discuss the recent rise of activist investors targeting companies across all sectors. Citing examples in the aerospace and defense industry, they outline some of the business strategies employed by companies that make them particularly vulnerable, and the…

PwC Publishes 2015 Annual Corporate Directors Survey

Posted by - November 12, 2015
Board member views on strategy and risk oversight have shifted to a longer-term orientation with emphasis on evaluating macro-trends as part of their strategic review, according to PwC’s recent Annual Corporate Directors Survey. However, Board members are being pressured to balance longer-term strategic planning and investment with the need to…