Wall Street news from FierceComplianceIT

The idea of more regulation of the ITC derivatives market was not hugely scary to Wall Street. Many banks were already resigned to a mandate to centrally clear some contracts. The idea of moving all... Read more...

At Wells Fargo (Wells Fargo news), there was a day when many executives participated in a program that offered interest-free mortgages. That program was discontinued in the wake of Sarbanes-Oxley (... Read more...

Lately, there has been considerable buzz around cloud computing. In August, IT research firm Gartner, placed it at the top of their emerging technology hype-cycle, along with the claim that "the... Read more...

We've heard so much about bonus clawbacks recently that it's easy to forget that the tool was included as part of Sarbanes-Oxley. The 2002 law said that chief executive and chief financial officers... Read more...

A recent House bill, known as the Over-The-Counter Derivatives Market Act if 2009, states plainly that many swaps, including credit default swaps, are to be traded on exchanges. You would think the... Read more...

In the financial services industry, it's easy to see risk management as something of a burden. Sure, its an imperative, but the sense is that it is mainly something necessary to satisfy regulators... Read more...

We've noted here frequently that new regulations often leading to higher IT costs. Indeed, you can't have one without the other: Reg NMS, Reg Show and all the way back to the order handling rules.... Read more...

When it comes to a company's risk management practices, some corporate governance experts believe that boards should play a greater role. It would be hard for boards to remain disinterested when the... Read more...

Let's face it. In this litigious era, when federal rules require the retention of emails, it's all too easy to get burned by employee emails, whether they are taken out of context or not. In many... Read more...

We're seeing a lot of new executive pay ideas being floated, as more boards grapple with the likelihood of new laws and more intense scrutiny by boards. Already, Wall Street firms are making some... Read more...