Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.
What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.
On behalf of Regulatory Insights, wishing everyone a Happy Thanksgiving holiday. In observance of the holiday, the next WR360 will be issued on December 2.
Enforcements. SEC FY 22 Enforcement Results; record number of actions (9 percent increase over the prior year), record fines (over $6.4 Billion).
Crypto Assets. SEC, DOJ, CFTC, and state regulators have launched investigations relating to the recent collapse of a cryptocurrency exchange platform; Banking regulators highlight crypto risks in Senate and House testimony; Treasury statement on crypto market developments; NYFRB feasibility study on a payment system for digital asset transactions; CFPB Complaint Bulletin analyzing crypto asset-related consumer complaints.
Regulatory Authority. CFPB filed a certiorari petition requesting that the U.S. Supreme Court review its fifth circuit ruling on the Bureau’s method of funding; Small business group filed a lawsuit with U.S. District Court to challenge the beneficial ownership implications of the Corporate Transparency Act.