Edition:
United States

Henry Engler

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

Oct 24 2017

As U.S. banks debate virtual currency engagement, compliance and risk oversight need to adapt

NEW YORK (Thomson Reuters Regulatory Intelligence) - As debate intensifies among large U.S. firms over whether crypto-currencies like bitcoin are a passing fad or potential game-changer, recent enforcement actions suggest banks will need to adapt their compliance functions and processes if they plan to venture into this unchartered terrain.

Aug 22 2017

'Criminalized' compliance may backfire in quest for better Wall Street cultures

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.

Aug 09 2017

SEC registration for digital coin offerings faces challenges, lack of infrastructure

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.

Jun 14 2017

"Initial coin offerings" present dangers to investors, new challenge for U.S. regulators

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.

Jun 06 2017

INTERVIEW: U.S. derivatives regulator engages 'fintech' world seeking better oversight, compliance

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.

May 16 2017

Managing data on conduct, culture a common challenge for U.S. banks

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.

May 09 2017

Top U.S. regulator looks abroad for measurement tools on conduct, culture battle

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.

Apr 26 2017

Deutsche fined in first Volcker rule market-making case, and for forex lapses

NEW YORK (Thomson Reuters Regulatory Intelligence) - In the first U.S. enforcement action brought against a bank for violation of the Volcker rule, the Federal Reserve said on Thursday that it had found inadequate controls at Deutsche Bank over perhaps the most controversial part of the regulation: determining what is and what isn’t proprietary trading.

Apr 21 2017

U.S. firms in uncharted waters over looming EU requirement to unbundle research

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.

Mar 28 2017

U.S. big banks building front-office supervisory teams to handle conduct, non-financial risk

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.

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