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Risk Management

OCIE considers "dozens" of potential risk factors when identifying exam targets
FINRA has periodically enumerated concerns about the risk management practices of firms that provide direct market access to customers.    And periodically a firm gets smacked ...
The commencement of OCIE’s “Cyber 3” initiative (IA Watch, March 27, 2018) is expected at any time now, but the specter of being caught in ...
FINRA is looking to move on a single streamlined rule addressing the outside business activities and private securities transactions of broker-dealers’ registered persons. The SRO ...
Cybersecurity is one of the top risks facing broker-dealers, according to a new report on FINRA examination findings released Dec. 8 by the SRO (BD ...
Evidence supports delaying the SEC’s liquidity risk management program rule and its related reporting requirements at least one year would be appropriate.  That’s the take ...
With the scale and scope of cyber attacks increasing, front-line staffs are scrambling to not only keep the bad guys out, but keep up with ...
Treasury Department Secretary Steven Mnuchin believes the regulatory framework for the asset management industry “can be significantly improved.” With the costs of asset management expected ...
This is a matrix for an enterprise risk management structure within a firm, courtesy of Fred Shane, chief risk officer at Commonwealth Financial Network in ...
The hits keep coming for Samuel Lek and his embattled New York-based broker-dealer Lek Securities. FINRA and a slew of exchanges announced March 27 that ...
At the beginning of the year, FINRA signaled in its 2017 examination priorities letter that it has enhanced its risk-based surveillance and examination programs to ...
Sweeping reforms aimed at enhancing transparency and modernizing reporting requirements for mutual funds, exchange-traded funds and other registered companies have been adopted by the SEC. The ...
Look for the SEC to finalize its recommended rulemaking on liquidity risk management and the use of derivatives “this year.” In a May 20 address ...
Like many SEC-registered investment advisers, the Commission itself has no shortage of key information technology initiatives it would like to pursue. Rather, the key is ...
Internal audit is back on the list of FINRA exam priorities this year with a focus on organization and governance. But what if you are ...
Theresa Manderski, first VP, Compliance & AML Officer at Davenport & Company in Richmond, Va., shares a copy of her firm's AML risk assessment.
Cyber-attacks against financial institutions to extort payment in return for the release of sensitive information are on the rise (IA Watch, Nov. 19, 2015), states ...
Look for recommendations related to funds’ use of derivatives to be advanced by the SEC by year-end. In a Sept. 29 address in celebration of ...
Ever since the 2008 financial crisis FINRA has made understanding how broker-dealers plan for and manage liquidity risk a priority.  After a year-long review of ...
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