With the SEC knocking, what's next for private investors?
What's next for business that likes minding its own business?
Welcome to This Week in GRC, MBK Search's weekly digest of the news and views in the world of regulation and compliance.
Get the best GRC digest delivered to your inbox every Friday
We are excited to announce that This Week in GRC is now available for free on Substack. Sign up to have the leading weekly digest of the world of GRC delivered to your inbox every Friday.
Live Webinar: Private Investment Funds and the SEC: What Comes Next?
Tuesday 17 October, 12:00 EDT
The SEC's decision in August to enhance the regulation of private fund advisers sent shockwaves through the industry. A market long used to minding its own business is now having to contend with unprecedented oversight.
Everyone from hedge funds to private equity investors is asking the same question: What does this mean for us, and what comes next?
In this edition of MBK Talks, we'll explore the ruling and the steps companies need to take to stay compliant. Sign up here.
5 takeaways from PwC’s 2023 Global Internal Audit Study
PwC’s 2023 Global Audit Study is out and paints a clear picture for Internal Audit teams: Start evolving now.
The survey of more than 4,600 audit leaders outlines key priorities for the next year and what IA professionals need to focus on.
MBK Search dove into the report to share 5 big takeaways. Read more here.
In a rare move, the SEC has issued 11 detailed adviser risk factors, focus areas, and document requests for oversight. While only examining 15% of RIAs yearly, is the transparency initiative preparing the industry for expanded scrutiny?
Outdoor advertising company Clear Channel Outdoor Holdings has agreed to pay more than $26 million to resolve a U.S. probe into bribes the company allegedly paid in China.
Meanwhile, a fresh slate of Wall Street firms, including major brokerages, agreed to collectively pay tens of millions of dollars to US regulators over their employees’ use of unmonitored communication channels on the job.
As pensions max out allocations, hundreds of buyout firms are struggling to raise new funds, spurring a zombie wave. With exits tough, will locked up capital in perpetually lingering vehicles weigh on returns? Or can managers salvage winners after extra time?
The PCAOB adopted a new audit confirmation standard, the first update in decades, requiring cash verification and positive responses. By modernizing outdated rules on verifying financial data, the principles-based standard aims to boost fraud detection.
The UK's Labour party has vowed to swiftly enact long-stalled post-scandal audit reforms, replacing the FRC with a powerful regulator. But with the law not passing before 2026, can the opposition cure flaws if elected, or is meaningful change a pipe dream?
Molson Coors modernized its risk assessment process with new tech for efficient data-driven insights. By converting manual tasks into compelling risk stories for the board, can the brewer demonstrate how digitization grants internal audit teams time for higher-value work?
The Internal Audit Foundation's inaugural global risk surveys found cybersecurity and human capital are top concerns worldwide. By providing this unprecedented data to practitioners and boards, can the reports help organizations get ahead of threats and collaborate on solutions?
EY agreed to terminate a consulting contract and refund millions of pounds to Santander's UK business after failings in its anti-financial crime work.
World of work expert Tom Hadley has suggested volatile times are key in driving evolutions in risk and performance management. By mitigating fraud, nurturing culture, rethinking metrics, building partnerships, and shaping policy, can organizations preempt threats in a shape-shifting world of work?
The Fed discussed removing former Silicon Valley Bank CEO Greg Becker, according to the FT.
Norman Marks has decided to poke the bear by asking: "Does PwC understand risk management? Are they giving boards good advice?"
Before his downfall, Sam Bankman-Fried drew comparisons to Warren Buffett, J.P. Morgan and other titans of finance. As his trial approaches, WSJ’s Caitlin Ostroff charts the meteoric rise of crypto’s golden boy, exploring how he sold customers and powerful people on his ideas, while hiding secrets under the hood of his flashy crypto empire.
The latest GRC jobs from the United States, Europe, and APAC can be found on MBK Search’s website. Visit www.mbksearch.com/jobs for more.