Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
NEW YORK (Thomson Reuters Regulatory Intelligence) - A growing number of American experts have taken aim at U.S. compliance programs that are “criminally based,” or driven by the priorities and standards of enforcement authorities. They argue that the effectiveness of such efforts to curb employee misbehavior is questionable, and that firms should incorporate behavioral science principles to get at the roots of ethical lapses.
NEW YORK (Thomson Reuters Regulatory Intelligence) - The path to making digital-token offerings compliant with U.S. securities law will not be easy, with obstacles including a lack of infrastructure for the many startups, companies and exchanges operating in the crypto-currency sector, experts said. Some also warn of a wave of potential lawsuits against promoters of such investments.
NEW YORK (Thomson Reuters Regulatory Intelligence) - The explosive growth of "initial coin offerings," a capital-raising tool that uses bitcoin and other crypto-currencies to fund projects that leverage technologies such as blockchain, has sparked concern among experts who warn that the lack of transparency around the issuance of such coins is a concern for both investors and regulators.
NEW YORK (Thomson Reuters Regulatory Intelligence) - The U.S. Commodity Futures Trading Commission has taken a lead among fellow American regulators in its “LabCFTC” initiative to engage emerging fintech and regtech companies. The effort seeks to enhance the agency's oversight of commodity and derivatives markets, but also to make compliance and regulatory reporting more effective for the industry participants.
NEW YORK (Thomson Reuters Regulatory Intelligence) - Major U.S. banks seeking to monitor conduct and culture through technology face continued challenges in achieving a view across their entire institutions. Key objectives, say executives, are establishing the right framework for collecting information across the organization and analyzing it to identify underlying causes of problems with employee behavior.
NEW YORK (Thomson Reuters Regulatory Intelligence) - U.S. regulatory efforts to tackle misconduct and reform bank culture have taken on an international dimension, with some senior officials actively engaging their foreign counterparts to better understand what works, what doesn’t work, and what might be applied at home.
Thomson Reuters Regulatory Intelligence - U.S. broker-dealers are facing daunting challenges ahead of a European Union requirement (http://www.complinet.com/global-rulebooks/display/display.html?rbid=1107&element_id=10737) that compels asset managers to strip out payment for research, by either pushing the costs directly on to clients or paying for it themselves.
NEW YORK (Thomson Reuters Regulatory Intelligence) - Many of the largest U.S. banks are taking steps to mitigate various forms of non-financial risk, such as misconduct and operational threats, by creating new teams of supervisors who work in tandem with the heads of front-line businesses.
NEW YORK (Thomson Reuters Regulatory Intelligence) - Goldman Sachs' recent decision (http://www.reuters.com/article/goldman-sachs-risk-idUSL2N1GG1D7) to give its risk managers greater organizational autonomy is part of an industry-wide trend to make risk management a separate function, reporting directly to the chief executive.
NEW YORK (Thomson Reuters Regulatory Intelligence) - Lost amid the political rancor over the appointment of the U.S. Treasury secretary nominee, Steven Mnuchin, are outlines of a proposal to overhaul Dodd-Frank, and substitute a financial structure akin to the UK's "ring-fence" structure, which separates commercial and depositing taking activities of banks from trading and riskier activities.