Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Filter Search Sort by RelevanceDate Order AscDesc Blog December 3, 2020 SEC Adopts Final Rule to Modernize MD&A and Related Financial Disclosures As part of a broader effort to modernize, simplify and enhance securities regulation, the U.S. Securities and Exchange Commission (SEC) has adopted several changes to Regulation S-K, Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information. The changes will affect existing SEC filers, registration statements, and also Special Purpose Acquisition… Blog December 7, 2020 Regulators Increase Focus on Virtual Currencies as Institutional Interest Grows Federal regulators have started issuing more guidance to financial institutions on offering new and innovative financial products and services, such as cryptocurrencies, to customers in a safe and sound manner. The increased regulatory interest has become necessary as cryptocurrencies enter mainstream consumer use in the United States. Not only is there expanding institutional support for… Blog December 14, 2020 CISA Issues Emergency Directive to Mitigate SolarWinds Orion Code Compromise On December 13, 2020, the Cybersecurity & Infrastructure Security Agency (CISA) issued an emergency directive detailing required action for federal agencies to mitigate the threat of the recently discovered compromise involving SolarWinds® Orion® Network Management products that are currently being exploited by malicious actors. (Read the SolarWinds Security Advisory here.) Given the nature… Blog December 15, 2020 Australia’s Responsible Lending Reforms: A Step in The Wrong Direction Australia’s lending standards and responsible lending practices have been prominent topics amongst banks and regulators in recent years, with potentially broad implications for both lenders and borrowers. Based on the critical issues raised by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission) in 2019 and the recently… Blog December 15, 2020 Recharging Your Agile Transformation The seismic shift in project management functions from administrative to a consultative business partner is helping organizations transform across the enterprise and all areas of the project life cycle. In many companies, these transformational efforts are progressing well, coordinated by new lean-agile program management office (PMO) leaders. But for others, transformation is still out of reach… Blog December 16, 2020 CFPB Provides Further Guidance on MSAs Under RESPA Section 8 The Consumer Financial Protection Bureau (CFPB) issued a compliance aid in October 2020 to provide regulated entities greater clarity around the Real Estate Settlement Procedures Act (RESPA) and certain provisions of Regulation X. The compliance aid, presented in the form of Frequently Asked Questions (FAQs), focuses on RESPA Section 8, which prohibits certain actions related to federally related… Blog December 18, 2020 FinCEN and OFAC Put Financial Institutions on Notice About Processing Ransomware Payments The U.S. government has officially put financial institutions on notice: It is watching and may impose anti-money laundering (AML) sanctions on payment facilitators if they violate federal laws on engaging in transactions, such as ransomware payments, with sanctioned individuals or entities – intentionally or otherwise. For as long as ransomware incidents have occurred, the controversial issue… Blog December 18, 2020 SolarWinds Vulnerability Update – Indicators of Compromise and Recommended Actions The news of the cyber attacks being experienced by government agencies and an expanding list of organizations continues to grow and change on almost an hourly basis. This is proving to be potentially one of the most significant cyber breaches in recent times. Following up on our December 14, 2020, Flash Report on the CISA advisory, and in response to numerous questions and inquiries we continue… Blog December 21, 2020 A Farewell to Paul Sarbanes Almost four years ago, I wrote a blog, “A Farewell to Michael Oxley,” paying tribute to the former Republican member of the U.S. House of Representatives who died on January 1, 2016. Today, it is fitting that we issue another farewell. On December 7, the family of Paul Sarbanes announced the death of the former Democratic senator the previous day. Together, these two men co-authored the landmark… Blog December 30, 2020 PPP 2.0 – A Renewed Opportunity (and New Set of Headaches) for Lenders As the old saying goes, the best deals are made when neither side gets exactly what it wants. By that standard, the most recent federal pandemic relief bill that finally passed into law in late December certainly qualifies as a great deal. Democrats who for months had been seeking a bill in excess of $3 trillion were certainly disappointed by the final price tag of slightly more than $900… Load More
