These are some of the compliance related stories that recently caught my attention.
Trump Risk Factors Begin to Appear in SEC Documents by Steve Quinlivan in Dodd-Frank.com
Risk factors related to uncertainties resulting from possible policies that may be implemented by President-elect Trump have begun to appear in SEC filings:
TPI Composites, Inc. Form 10-Q:
The results of the 2016 United States presidential and congressional elections may create regulatory uncertainty for the wind energy sector and may materially harm our business, financial condition and results of operations.
[More…]
Dodd-Frank critic Paul Atkins in frame for top SEC post by Kara Scannell in Financial Times
The Securities and Exchange Commission may come to resemble its pre-crisis self under Donald Trump, if the legacy, testimony and votes of the man advising the president-elect on financial regulation are any guide to the policies investors and Wall Street can expect. Paul Atkins is a vocal critic of the Dodd Frank post-crisis regulations, believes in fewer rules for private investment funds and small businesses and opposes corporate penalties because, he says, they are ultimately paid by shareholders. [More…]
Donald Trump and the Indiana Carrier factory, explained by Matthew Yglesias in Vox
Americans still don’t know exactly what Trump and Pence offered or threatened. And the larger implications of the move are hotly disputed. Is this a first step toward Trump governing as a true champion of production workers? An alarming slide into crony capitalism? Or something worse? Most likely it’s something much more boring — a relatively minor piece of presidential public relations in which an important politician uses his Twitter feed to highlight a relatively small development that nonetheless reflects well on him. [More…]
Evaluating the U.S. Performance Against Money Laundering by Samuel Rubenfeld in WSJ’s Risk and Compliance Journal
Ashsish Kumar is a policy analyst for the Financial Action Task Force, an international standard-setting body that provides the roadmap for countries on anti-money laundering and counter-terrorist financing. The body on Thursday released its latest evaluation report on the U.S., and Mr. Kumar discussed its findings. The conversation was lightly edited for clarity. [More…]
An Efficient Investment-Risk Model of Compliance by Robert Bird and Stephen Park in the CLS Blue Sky Blog
The EIR model provides an analytical framework for addressing the effectiveness of different approaches to business regulation. It equips regulators with a dynamic understanding of how compliance functions respond to different kinds of regulatory mandates. We categorize regulatory rules as three basic archetypes of regulation. Direct Regulation consists of traditional command-and-control rules promulgated and enforced by government agencies through sanctions and penalties. Collaborative Regulation consists of hybrid public-private approaches to regulation that use non-coercive measures and often incorporate private standards. Market Contingent Regulation seeks to influence firm behavior by providing incentives or signals to regulated firms, such as market-leveraging taxes, fees, and permits and mandatory disclosure requirements. [More…]
