Compliance

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Greg MacSweeney
Greg MacSweeney
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Wall Street's High Crime Area, Libor Scandal Expands, Confidence Crisis, and More

The Libor scandal continues to spread, with more banks and regulators being placed under the microscope for their involvement in rate rigging. Meanwhile, Wall Street's image continues to take a pounding while UBS Americas' chairman strikes out on his own.
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8. Dodd Frank Lives

If I could push a button and eliminate Dodd-Frank would I do it? No, I would not. … The vast bulk of it is good.

— Lloyd Blankfein, CEO and Chairman of Goldman Sachs

Source: NY Times Dealbook: In Washington, Blankfein Backs Dodd-Frank

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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Stressed Out by Compliance, Reputational Damage & Fines?
Stressed Out by Compliance, Reputational Damage & Fines?
Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.