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Culture & Governance

Risk Executives on the Move: Wells’ Norton Joining Credit Suisse’s Board

Amanda (Mandy) Norton, who announced her retirement in January from Wells Fargo & Co. after serving more than three and a half years as chief risk officer, will be joining the Credit Suisse Group...

April 15, 2022 | By Jeffrey Kutler

Culture & Governance

There’s an Opening at the Top of the OCC, but No Vacuum

In the fragmented and multilayered architecture of U.S. financial regulation, one agency is arguably first among equals. The Office of the Comptroller of the Currency, a Treasury Department bureau...

November 5, 2021 | By Jeffrey Kutler

Culture & Governance

Are Crypto Assets a Financial Stability Risk?

Policymakers are working feverishly to bring some regulatory order to cryptocurrency markets, but it remains very much a work in progress. Approaches are being debated in legislative bodies, as well...

October 22, 2021 | By Jeffrey Kutler

Culture & Governance

Wharton School Professor Leads SEC Division of Economic and Risk Analysis

Jessica Wachter of the University of Pennsylvania's Wharton School has been named director of the Securities and Exchange Commission's Division of Economic and Risk Analysis (DERA), which provides...

May 14, 2021 | By Jeffrey Kutler

Culture & Governance

How to Regulate Big Tech? The BIS Has Some Ideas

By measures ranging from revenue and workforce growth to market valuation and mind share, Big Tech stands out in the corporate world. It is also at risk of paying a price for rampant success, if...

March 19, 2021 | By Jeffrey Kutler

Culture & Governance

Regulation Is Rising on the Risk Radar

Following a familiar pattern since he took office, President Joe Biden on February 24 issued executive orders to unwind actions taken by his predecessor. One of that day's revocations was a 2017...

March 5, 2021 | By Jeffrey Kutler

Culture & Governance

Operational Resilience Across Sectors and Disciplines

Simply put, the global shocks of 2020 were unmatched by any time in recent history. Not only did the COVID-19 pandemic reach a scale and longevity that rippled through the way organizations operate,...

January 22, 2021 | By Brian Molk

Culture & Governance

Global Stability Assessments: Resilience Reaffirmed, but No Time for Rejoicing

The crisis of 2008 sensitized the financial industry and its regulators to threats to economic and systemic stability. Policy reforms, designed to prevent worst-case recurrences, were accompanied by...

December 11, 2020 | By Jeffrey Kutler

Culture & Governance

CFTC's Chairman Champions Principles-Based Regulation

June 25 was a busy day for the Commodity Futures Trading Commission. Its open meeting resulted in approvals of two final rules, withdrawal of a previously proposed rule and supplemental proposal, and...

July 10, 2020 | By Jeffrey Kutler

Culture & Governance

Brian Brooks Leaves Coinbase to Take a Senior Bank Regulatory Post

Brian Brooks, a prominent spokesman for the cryptocurrency industry on policy and regulatory matters, has been named first deputy Comptroller of the Currency. The Office of the Comptroller of the...

March 27, 2020 | By Jeffrey Kutler

Culture & Governance

New FinCEN Deputy Director Is Also Digital Innovation Officer

The Financial Crimes Enforcement Network, the U.S. Treasury agency that spearheads efforts to combat money laundering and other illicit uses of the financial system, has appointed its first digital...

March 13, 2020 | By Ted Knutson

Culture & Governance

From the Treasury Department's OFR: A Systemic Risk Monitor

The U.S. Treasury Department's Office of Financial Research (OFR) has introduced Bank Systemic Risk Monitor (BSRM), an interactive tool for monitoring key banking industry metrics in an accessible,...

March 6, 2020 | By Katherine Heires

Culture & Governance

CFTC Panel Focuses on Non-Cleared Margin Issues

It is neither new nor uncommon for U.S. financial regulators to maintain dialogue with constituencies that they supervise and other interested parties through committee structures. The Commodity...

January 24, 2020 | By Jeffrey Kutler

Culture & Governance

Think-Tank Scholar Alex Pollock Takes Senior Role at Treasury's OFR

Alex J. Pollock has been named principal deputy director of the Office of Financial Research, a U.S. Treasury Department unit that principally supports the multi-agency Financial Stability Oversight...

November 15, 2019 | By Jeffrey Kutler

Culture & Governance

CFPB Could Play AI Regulation Role, Bank Policy Institute Says

The Bank Policy Institute (BPI), an association representing the biggest U.S. banks, is suggesting that the Consumer Financial Protection Bureau “lead an effort” to modernize and coordinate...

September 13, 2019 | By Ted Knutson

Culture & Governance

Stewardship and Governance Principles Gain Broad Backing

Institutional investors have historically made their collective voices heard through organizations such as the Council of Institutional Investors and International Corporate Governance Network. Now...

September 6, 2019 | By Katherine Heires

Culture & Governance

Hester Peirce on Innovation: A Vision for 'Open' Regulation

Interviewed on a recent Intercontinental Exchange podcast, Hester Peirce of the U.S. Securities and Exchange Commission said that contrary to what people in the cryptocurrency community may believe,...

August 16, 2019 | By Jeffrey Kutler

Culture & Governance

Fighting the Next Crisis Requires a Different Response

While economists and market pundits remain divided on whether a recession is coming or not, it is worth investigating how policymakers would react if it were it to happen. In the past, a combination...

July 3, 2019 | By Sidharth Kamani and Julien Demeulemeester

Culture & Governance

Regulators and Innovation: It's Not Just Sandboxes

Since 2016, when the U.K. Financial Conduct Authority and the Monetary Authority of Singapore launched sandboxes for financial technology startups, regulators in dozens of countries have gone the...

June 14, 2019 | By Ted Knutson

Culture & Governance

Climate Change Comes into Sharper Focus as a Financial Risk

“Climate risk may adversely affect the balance sheets of financial institutions and therefore may be relevant for financial stability, in particular if markets are not pricing the related risks...

June 7, 2019 | By Katherine Heires

Culture & Governance

Critical Voices from the Crisis Past

Before stepping down from the Federal Reserve Board of Governors, where he served for eight years, Daniel Tarullo had some parting shots. Four months before his April 2017 departure, as the Obama...

May 24, 2019 | By Ted Knutson and Jeffrey Kutler

Culture & Governance

At the OCC, Operational Risks Are Broadly Defined

From fintech to vendor risk, and from cloud computing to risk management talent, the issues on Beth Dugan's mind reflect a broad swath of emerging and evolving challenges for both regulators and the...

May 17, 2019 | By Ted Knutson

Culture & Governance

To S.P. Kothari, Regulation, Investor Protection and Profits Are a Virtuous Circle

Nearly 10 years since the U.S. Securities and Exchange Commission created its Division of Economic and Risk Analysis - on an organizational par with other divisions including Corporation Finance and...

May 10, 2019 | By Ted Knutson

Culture & Governance

Stress Testing and Shadow Banking

Supervisory stress tests imposed new and burdensome compliance requirements in the immediate aftermath of the 2007‐'09 financial crisis. With time and experience, perceptions have changed. By 2018,...

May 3, 2019 | By Jeffrey Kutler

Culture & Governance

SEC Fills Key Risk Positions

Gabriel Benincasa, an attorney and CPA who has worked in senior roles at CIT Group, Bridgewater Associates and other firms, has been named chief risk officer of the U.S. Securities and Exchange...

March 4, 2019 | By Ted Knutson

Culture & Governance

OCC Names Senior Deputy Comptroller for Supervision Policy

The March 2 retirement of Grace Dailey, a 36-year veteran of the Office of the Comptroller of the Currency, is prompting a distribution of her responsibilities as senior deputy comptroller for bank...

February 8, 2019 | By Ted Knutson

Culture & Governance

For Both Regulators and Banks, Tech Learning Curve Is Steep

No longer mopping up from the financial crisis a decade ago, regulators are turning their attention to technology and its impact on their activities and on the firms they regulate, Ernst & Young says...

February 1, 2019 | By Ted Knutson

Culture & Governance

When CEOs Wade into Controversy

Corporate chief executives do not regularly speak out on public issues, but when they do, their comments are magnified by news media, and there can be consequences for the companies and their...

January 4, 2019 | By Katherine Heires

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