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.
Supervision and Regulation. Climate Risk. Enforcement Actions.
Supervision and Regulation. OCC Bank Supervision Operating Plan named 13 “key areas of heightened focus for supervisory strategies,” including operational resiliency, fair lending, CRA, and climate-related risks. FRB outlined upcoming areas for large bank supervision and regulation, including stress testing, capital, M&A, and resolutions.
Climate Risk. FDIC speech noting potential impact of climate change on the effectiveness of past risk mitigation strategies, no matter the institution size; New FSOC Climate-related Financial Risk Advisory Committee.
Enforcement Actions. SEC – anti-touting violations; CFTC - registration failures and price manipulation; FINRA - Best Execution and Regulation SHO violations; CFPB – remittance transfer and EFTA violations; DOJ – SCRA violations
Financial services regulatory news
Enforcement action against individual for violation of the anti-touting provision by failing to disclose consideration received for the promotion
Enforcement action against a digital assets derivatives platform for unlawfully offering futures transactions, failure to register as a FCM, and price manipulation