News & Analysis as of

Risk-Based Approaches

Insuring and reinsuring Canadian risks from the United States

by Dentons on

Over the past ten years, regulation in Canada of insurers has evolved significantly. Prior to the financial crisis, Canada’s primary regulator had begun to move from a "rules-based" approach to regulation to a...more

Risk in Compliance Week: Part V – So What?

by Thomas Fox on

This week I have devoted my blog posts to thinking about the management of risk by considering the tools of forecasting, risk assessment and risk-based monitoring. I have been assisted on this journey by Ben Locwin, Director...more

Risk in Compliance-Part III, Risk-Based Monitoring

by Thomas Fox on

Today I continue my exploration of risk in compliance by starting a consideration of risk-based monitoring. As I have the previous two days, I honor a television star who died last week and today it is Mike Connors. While...more

ISO 37001: Why Your Anti-Corruption Policy Needs to Go Global

by Michael Volkov on

Ten years ago the standard anticorruption policy was nearly exclusively FCPA-focused. DOJ and SEC enforcement actions were the primary, if not the only, concern for corporate executives and board members. The UK Bribery Act...more

Excalibur Reinsurance Corporation Placed Into Liquidation

by Carlton Fields on

Excalibur had been in run-off status since 2003, and under regulatory supervision since at least 2013. A Pennsylvania court has now placed Excalibur into liquidation based on three grounds: (1) insolvency – Excalibur’s...more

FCA thematic review finds failures in oversight of authorised representatives in insurance industry

by DLA Piper on

On 22 July 2016, the Financial Conduct Authority (FCA) published the results of a thematic review in which the FCA found significant shortcomings in the control and oversight of appointed representatives (ARs) by their...more

President Obama Signs the Toxic Substances Control Act Modernization Act

Since its passage in 1976, TSCA has been widely criticized—by industry and environmental groups alike—for its perceived inefficacy. When first passed, TSCA aimed to fill an important gap in the nation’s environmental laws,...more

The Federal Reserve Board’s ANPR with Respect to Capital Requirements for Supervised Institutions Significantly Engaged in...

On June 3, 2016, the Board of Governors of the Federal Reserve System (FRB), approved an advance notice of proposed rulemaking (ANPR) regarding two potential regulatory capital frameworks for institutions under the FRB’s...more

Anti–Money Laundering Alert: FinCEN Finalizes Beneficial Ownership and Customer Due Diligence Requirements

by WilmerHale on

The Financial Crimes Enforcement Network (FinCEN) on May 11 released its long-awaited Final Rule (CDD Rule) that will require certain financial institutions to “look through” the nominal account holder to identify the...more

The Federal Reserve Board Outlines Approach For Capital Rules For Federally Supervised Insurance Groups

At the NAIC’s tenth International Insurance Forum, Daniel K. Tarullo, a member of the Board of Governors of the Federal Reserve System (FRB), outlined the FRB’s plans for: - ..the capital and liquidity rules for...more

Europe Is Shifting, And It’s a Big Deal – The New GDPR

by Seyfarth Shaw LLP on

The clock is now ticking. On May 4th the European Parliament published the final text of the General Data Protection Regulation (“GDPR”), and the rules of the game have significantly changed – at least in the context of EU...more

New Encryption Guidance Published by the ICO

by Reed Smith on

The UK Information Commissioner’s Office (ICO) has released updated guidance on the use of encryption. The guidance highlights that in many areas, the ICO expects encryption software to be used, and in the future where data...more

US Board of Governors of the Federal Reserve System Proposes Technical Amendments to Risk-Based Capital Surcharge for Global...

by Shearman & Sterling LLP on

The US Board of Governors of the Federal Reserve System proposed technical amendments to its rule requiring a risk-based capital surcharge for global systemically important bank holding companies. The rule, finalized by the...more

BCBS Reports on Regulatory Consistency of Risk-Weighted Assets for Credit Risk in the Banking Book

On April 1, the Basel Committee on Banking Supervision (“BCBS”) issued its second report: an analysis of risk-weighted assets (“RWA”) for credit risk in the banking book. The report’s first objective is to identify the main...more

NFA To Review Initial Margin Models for SDs and MSPs

National Futures Association (NFA) has issued a notice reminding its swap dealer (SD) and major swap participant (MSP) members of their obligations under the new uncleared swap margin requirements adopted by the Commodity...more

Financial Action Task Force Risk-Based Approach on Money or Value Transfer Services

by Shearman & Sterling LLP on

The Financial Action Task Force published final Guidance on a Risk-Based Approach for Money or Value Transfer Services. This non-binding guidance is applicable to the entire MVTS sector but is primarily aimed at non-banking...more

Plan Now to Comply with New Rhode Island Identity Theft Protection Act

by Partridge Snow & Hahn LLP on

Businesses, organizations, state and local governmental entities and individuals who collect and store personal information about Rhode Island residents should start planning now to comply with the new Rhode Island Identity...more

FDIC Seeks Comment on Revised Deposit Insurance Assessment Rule

On January 21, the Federal Deposit Insurance Corporation (FDIC) announced that it was seeking comment on a revised proposed rule that would amend the way small banks are assessed for deposit insurance. The proposed rule would...more

Top Compliance Issues Facing Manufacturers in 2016

by Foley & Lardner LLP on

In the last several years, the U.S. has been aggressively enforcing laws governing exports and international conduct. This is amply illustrated by the continuing imposition of large penalties on multinational companies for...more

International Data Privacy: How to Navigate the Challenges

by White & Case LLP on

Hardly a day goes by when the news doesn't include some privacy-related story or scandal. To name just a few recent examples, we've seen: ..Highly publicized losses of customer credit card data by household-name...more

New Rhode Island Law Protects Victims of Businesses’ Data Breaches in 2016

Cyber data breaches affect individuals, businesses, and the government. Tens of millions of Americans are affected by data breaches every year. In 2014, CNN estimated that 47% of U.S. adults in the U.S. had their personal...more

Medical Device Cybersecurity: FDA’s New Draft Guidance

by Reed Smith on

We have been tracking the issue of medical device cybersecurity for quite some time now. We previously wrote how medical device hacking is both the stuff of Hollywood storytelling and also a genuine concern to which the FDA...more

New Pilot Inspection Program for Offshore Facilities Could Have Far-Reaching Consequences for Operators

by King & Spalding on

There has never been a greater focus on safety and regulatory enforcement in the offshore oil patch than today. With a steady stream of new rules, policy directives, and enforcement programs, the Bureau of Safety and...more

Best Practices to Avoid Common FCPA Violations: Third-Parties

by Foley & Lardner LLP on

While the Foreign Corrupt Practices Act (“FCPA”) is an extremely complex act, there are two common FCPA violations of which automotive companies with international operations should be particularly sensitive. We recently...more

Possible Examination by SEC of Exempt Reporting Advisers

by Foley Hoag LLP on

Marc Wyatt, Acting Director of the Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”), recently took part in a meeting of the ABA Hedge Fund Sub-Committee on November 20,...more

54 Results
|
View per page
Page: of 3
Cybersecurity

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
Feedback? Tell us what you think of the new jdsupra.com!