FINRA

5 Key Takeaways from the 2016 FINRA Annual Conference

The 2016 FINRA Annual Conference stood out in many ways, including the roster of speakers and the attendees. Even the quality of the program was very high. As usual, FINRA conferences are about discussing and debating top regulatory concerns, as well as current issues affecting the industry. The 2016 conference wasn’t any different. With the[…]

Finra Culture of Compliance Questions

Finra asks 8 questions to assess your firm’s culture of compliance

This week, Finra issued a targeted examination letter to 12 firms designed to help the regulator better assess and understand how firms have established a “culture of compliance.” As you may be aware, the term “culture of compliance” has garnered much attention (read this) thus far this year, as Finra doubles-down on the notion that a firm[…]

Risk and compliance analytics for small and mid-size firms

Risk and compliance analytics for small and midsize firms

Risk and compliance analytics for small and midsize firms We often hear the following questions and comments when discussing risk and compliance analytics with small and midsize firms: I’ve had surveillance tools and processes in place for years, they’re working just fine. We’re a small firm, how can we benefit from risk and compliance analytics? We don’t have[…]

Culture of Compliance

Culture of compliance term is on the rise

Culture of compliance term is on the rise Recently, the Wall Street Journal published an analysis (paywall) on the use of the term “culture of compliance” across published articles, using Factiva as a datasource. As many in the Financial Services industry know, compliance as been top-of-mind for many years, but it really took the spotlight[…]

finra fines

Finra fines down in 2015, but experts agree long-term trend is upward

Finra fines down in 2015, but experts agree long-term trend is upward In 2015, Finra issued $93.9 million in fines, down from $134 million in 2014, although the bulk of the difference can be attributed to a single $43.5 million fine in 2014 which served as an outlier. While fines may be down, 2015 saw increases in[…]

FINRA

Finra 2016 regulatory and examination priorities: proactive oversight of risk and violations is key

FINRA 2016 Regulatory and Examination Priorities: Proactive Oversight of Risk and Violations is Key On January 5, 2016, FINRA kicked off the new year by publishing the annual FINRA 2016 Regulatory and Examination Priorities letter. This year’s letter highlights three broad topics of significant importance to FINRA: (1) supervision, (2) risk management and controls, and (3) liquidity,[…]