Citigroup Inc. has launched “significant remediation projects” to bolster its risk management controls, infrastructure, and governance as a result of two consent orders from federal banking regulators that found major shortcomings in Citi’s enterprise-wide risk management, compliance risk management, data governance, and internal controls. The Federal Reserve Board and the Office of the Comptroller of… Read More >>
SEI Aims for Centralized Compliance via New Platform
SEI, the Oaks, Pa.-based asset manager and technology provider, has introduced its new global regulatory risk and compliance platform, which it characterizes as centralizing the “handling of an investment firm’s regulatory and compliance functions across investment vehicles, products, and jurisdictions around the globe.” The platform was developed by SEI’s investment manager services (IMS) division, to… Read More >>
