The US Justice Department (DOJ) recently released updated guidelines intended to instruct prosecutors on how to evaluate corporate compliance programs. The recent revision to the DOJ’s guidance on corporate compliance places emphasis…

The European Commission recently announced the hiring of BlackRock (BLK.N), the world’s largest asset manager, to advise it on the implementation of new environmentally friendly rules for banks. The EU’s decision has…

In a rare legal loss, Europe’s second-highest court ruled that the European Central Bank (ECB) failed to provide adequate justification for a 4.8 million-euro ($5.4 million) fine imposed on Crédit Agricole (CAGR.PA)…

The New York Department of Financial Services (NYDFS) has fined Deutsche Bank AG $150 million for failing to monitor its dealings with late financier and convicted sex offender Jeffrey Epstein. The fine…

The FINRA Board of Governors unanimously elected Eileen Murray, former Co-CEO of Bridgewater Associates LP, to take over as Chairperson of Wall Street’s self-regulatory arm. Murray has served on FINRA’s Board of…

Amidst heightened scrutiny of the financial industry, the US Securities and Exchange Commission (SEC) fined Ares Management LLC one million dollars for its failure to implement policies to prevent the misuse of…

Following years of Republican-led lobbying, U.S. regulators unveiled new banking regulations that simplify business for large banks with complex trading and investment portfolios. In a win for the industry, regulators significantly reworked…

Amidst efforts to stem financial misconduct, a regulator hit Redcentric PLC with a formal action against the company and potential criminal sanctions for the individuals involved. The UK Financial Conduct Authority (FCA)…

To reduce risk to markets and firm stability, the FICC Market Standards Board (FMSB) published a new set of guidelines to accommodate the growth in algorithmic (algo) trading. Its Statement of Good…

Longstanding issues with the bank’s requirement to provide regulators with information about its swaps reporting business have culminated in penalties for Deutsche Bank AG (DBKGn.DE). The US Commodity Futures Trading Commission (CFTC)…

Recently, the UK Financial Conduct Authority fined Commerzbank AG for its lack of money-laundering controls and failure to improve them despite a series of warnings from the U.K. watchdog and multiple investigations…

The UK Financial Conduct Authority (FCA) recently reminded lenders of their responsibilities as it handed Lloyds Banking Group (LLOY.L) a record penalty for mortgage customer failings. Lloyds was fined by the City…

As the U.S. Financial Industry Regulatory Authority (FINRA) continues to ramp up efforts to prevent financial misconduct, penalties have been increasingly levied against top businesses and personnel. Recently, FINRA suspended an ex-LPL…

In light of the Covid-19 pandemic, the Financial Industry Regulatory Authority (FINRA), Certified Financial Planner Board of Standards (CFP), and the Securities and Exchange Commission (SEC) continue to adjust regulatory and exam…

Radar has not been idle during lockdown – to follow is a summary from our recent roundtables of how buyside and sellside Compliance professionals have handled this unusual time, and what practices…

How your own data can comfort your people, secure your customers and risk-proof your business now and for the future In 2020, the state of the world is causing us to live…