IBM Promontory

Why the IBM Promontory Deal is Great for RegTech

By now, you might have heard of IBM’s proposed deal to acquire Promontory Financial Group, a risk management and regulatory compliance consulting firm. With this acquisition, IBM gains the knowledge and expertise of Promontory’s 600 global professionals, who will train IBM’s Watson to help Financial Services firms better manage financial risk and compliance. While this is[…]


All You Need to Know About RegTech

Coming in quickly on the heels of FinTech’s pending disruption of the financial services industry, RegTech acts as the answer to a simple problem that’s arisen as the industry has become increasingly data driven, automated, regulated, and volatile. With new regulations springing up and tripping banks with alarming regularity, it behooves all financial services organizations to apply appropriate[…]

2016 Compliance Risk Study

4 Key Challenges from Accenture’s 2016 Compliance Risk Study

Hot off the presses, Accenture just published their 2016 Compliance Risk Study and the consulting firm arrived at one critical conclusion: that the Compliance function in many financial services firms is at a crossroads and, as such, Compliance needs to figure out the exact role that it wants to play in the future. This year’s Compliance Risk Study, which[…]

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[…]

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 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,[…]