Risk and Compliance Roundup
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???In the News
Risk and compliance stories we're following
Western Commerce, Federal Home Announce Acquisitions
Source: ABA
Western Commerce Bancshares of Carlsbad, New Mexico, has agreed to buy Western Bancshares of Clovis, New Mexico.
SEC Passes Dodd-Frank Executive Pay Clawback Rule?
Source: Compliance Week
The Securities and Exchange Commission (SEC) on Wednesday passed a rule to require public companies to recover incentive-based compensation doled out to current and former executives in certain cases of an accounting restatement.
U.S. Bank Data Breach Impacts 11K Customers
Source: Banking Dive
U.S. Bank notified some customers on Friday that their personal information was accidentally shared by a third-party vendor, according to letters posted to the California Attorney General’s website.
FTC Issues Advance Notice of Proposed Rulemaking on “Junk Fees”
Source: JD Supra
In announcing the Notice, the FTC said it is seeking public comment on “the harms stemming from junk fees and associated junk fee practices and on whether a new rule would better protect consumers.”
???FinTech Updates
Latest Financial Technology (FinTech) trends
OCC Announces Office of Financial Technology
Source:?OCC
The Office of the Comptroller of the Currency today announced it will establish an Office of Financial Technology early next year to bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape.
Financial Entities Must Update Their Financial Credentials and Institutional Keys Before the CONDUSEF
Source: JD Supra
The CONDUSEF (the public financial protector regulator) published new provisions regarding registrations before said regulator applicable to all financial entities (including Fintech and SOFOM).
B2B Paytech Finexio Secures $35m Series B at $100m Valuation
Source: FinTech Futures
B2B payments-as-a-service firm Finexio, which specializes in providing accounts payable (AP) payment capabilities, has secured a $35 million Series B funding round valuing the company at $100 million.
???Executive Moves
Key risk and compliance hires
Insurtech Accelerant Welcomes Jay Green as Global Chief Financial Officer
Source:?FF News
Accelerant, the insurtech empowering underwriters with superior portfolio management, data analytics, and long-term capacity commitments, announced that Jay Green will join as Global Chief Financial Officer.
领英推荐
HSBC Announces Georges Elhedery Appointed as Group Chief Financial Officer and Executive Director
Source: Hubbis
HSBC has announced that Georges Elhedery is appointed Group Chief Financial Officer (CFO) and an Executive Director of the Board of Directors (the ‘Board’) from January 1, 2023.
Cyprium Partners Promotes Molinari & Stone to Partner and Vulic to Chief Financial Officer/Chief Compliance Officer
Source: Cyprium
Cyprium Partners, a private equity firm focused on non-control investments in profitable middle-market companies, is excited to announce the promotion of three key leaders in the firm.
???What's Trending
Best of?social media
CPPA Board Advances Proposed CPRA Regulations?
Source: JD Supra (Twitter)
On October 28 and 29, 2022, the California Privacy Protection Agency Board held a meeting to review and consider the modified proposed California Consumer Privacy Act (CCPA) regulations.
2022 Audit Committee Priorities
Source: Gartner (Twitter)
40% of audit committee members report that audit must broaden its skills.
OCC to Host Symposium on Bank Mergers
Source: OCC (Twitter)
The symposium will promote public input and discussion regarding the framework for analyzing bank mergers under federal law, including topics such as competition, financial stability, and convenience and needs.
Predict360 Complaints Management Software
Source: 360factors (LinkedIn)
With Predict360's Complaints Management Solutions organizations can increase efficiency, decrease resolution times, collaborate more effectively, and achieve insight into issues and complaints trends.
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