Standard Chartered Bank reports that it has received a so-called “decision notice” from the Regulatory Decisions Committee of the United Kingdom’s Financial Conduct Authority (FCA). The decision notice imposes a penalty of £102,163,200 ($136.1 million) (net of a 30 percent early settlement discount) on the bank group. That penalty is related to the group’s “historical… Read More >>
Cybersecurity Regulation Deadline Looming via NY DFS
In case you may need another regulatory deadline, the New York Department of Financial Services (DFS) has issued a reminder to all the organizations it oversees that they have a cybersecurity regulation deadline coming up on Sept. 4, 2018. That is the day when “the third transitional period of New York’s first-in-the-nation cybersecurity regulation ends,”… Read More >>
