Wells Fargo for the last few months investigated a gender bias against senior female leaders in its wealth management unit. After interviewing dozens of women including internal town halls, the investigation was closed.
The World Economic Forum just published a 175 page report on the future of jobs (a follow-up from the original 2016 report: Future of Jobs – Employment, Skills, and Workforce Strategy for the 4th Industrial Revolution).
Who says compliance is boring… combine compliance and regulatory issues with technology and software solutions and you get something noteworthy. At least according to private equity firm Warburg Pincus, who yesterday announced $100 million investment in Ottawa-based Assent Compliance, a leader in supply chain data management software. The investment helps Assent Compliance build out its …
Facebook announced that hackers had used a weakness in Facebook’s code regarding its “view as” feature this week to take over control of up to 50 million accounts. The hackers got access tokens to stay in accounts without re-entering a password.
Natalie Baylis two months after joining Swiss alt asset manager GAM from the UK’s Financial Conduct Authority as Group Head of Compliance and member of GAM Holding AG’s Group Management Board to help with the aftermath of Tim Haywood’s suspension, abruptly announced her departure this week. Bond PM Haywood had managed over $7 billion for …
GAM CCO steps down two months after joining the firm from the FSA Read More »
Hackers in 2016 stole personal data for tens of millions of Uber users (and also drivers). Uber didn’t report the breach and decided to pay two hackers (one of them a 20-year old Floridian) $100K on HackerOne to stay quiet and delete the data.
The General Data Protection Regulation is the most sweeping global change on data privacy in twenty years. The European Commission set up a dedicated GDPR website to address key changes at eugdpr.org, with an enforcement date of May 25th, 2018. The updated directive was designed to harmonize data privacy laws across Europe (and the world, …
The EU’s GDPR and how it affects data privacy and investment management/technology Read More »
According to the Wall Street Journal, Apple and Goldman Sachs will jointly offer a consumer credit card, later this or early next year, replacing the rewards card partnership with Barclays.
Since issuing its first award in 2012, the SEC has awarded more than $266 million to 55 individuals under the whistleblower program. In that time, almost $1.5 billion in monetary sanctions have been ordered against wrongdoers based on actionable information received from whistleblowers, including more than $740 million in disgorgement of ill-gotten gains and interest, the majority of which has been or is scheduled to be returned to harmed investors.
Dalia Blass, who last September was named the SEC’s head of investment management (David Blass, her husband, spoke at CSI NY last year about some of the industry developments), addressed the Standards of Conduct for Investment Professionals in NY this month.