“Climate change is happening now, and we have to take steps to manage the financial risks now,” says Linda A. Lacewell, the superintendent of the New York State Department of Financial Services (NYS DFS). “We simply can’t wait any longer to deal with it. “We want to ensure that every institution is managing its own… Read More >>
OCC Settles Charges of Compliance Failures for $20M
The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) report jointly that the Chicago-based Options Clearing Corp. (OCC) will make “pay $20 million in penalties to settle charges that it failed to implement policies to manage certain risks as required by U.S. laws and SEC and CFTC rules.” It… Read More >>
