News, Insights and Articles

Let FRA be your preferred resource for breaking news, insights, and thought-provoking articles in the finance and government space, including topics related to hedge funds, private equity, managed accounts, pension funds, Taft-Hartley, law enforcement and government.

Finance

FRA’s 30th Sub-Advised Funds Forum: Speaker lineup, session previews, and new conference features

The annual summit will return as a virtual live streamed event on September 14-15 to provide timely updates on market trends, data, and innovative strategies critical to industry veterans and those new to the space.

Legal

A first look at ARK’s KM Legal 2020 virtual conference

Ark Group will host the 16th annual Knowledge Management in the Legal Profession conference as a live streamed event on October 19-20. Here’s a look at speakers, sessions, and hot topics on this year’s agenda.

Finance

Health Care Impact Investing Summit: A first look at the topics and speakers featured at the inaugural live streaming event

FRA and RISE will join forces for the first time in a premier virtual event August 19-20 to bring together investors, health plans, and community-based organizations (CBOs) to discuss how to couple improved health outcomes with positive financial return.

Compliance

Study: U.S. largest target for ‘significant’ cyber-attacks

The United States has been on the receiving end of more significant cyber-attacks over the last 14 years than triple any other country, according to new research from password management firm Specops Software.

Legal

ARK’s 9th annual Business Intelligence Legal Summit returns as virtual event

The live virtual conference takes place July 30-31 and will provide legal professionals with insights, actionable takeaways, and networking opportunities to achieve the next level of business intelligence and data analytics to maximize results internally and with clients.

Finance

FinCEN issues advisory on coronavirus-related financial scams

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on the types of coronavirus-related scams and schemes that financial institutions should be on alert for and how and where to report such activity.

Compliance

Revised DOJ compliance guidance highlights risk, training, more

The Department of Justice on Monday posted another round of new revisions to its “Evaluation of Corporate Compliance Programs” guidance. The update clarifies and describes what new factors prosecutors may consider in the areas of risk management, policies and procedures, training and communications, mergers and acquisitions, and more in their evaluation of corporate compliance programs.

Legal

7 tips to tackle stress and create resiliency amid COVID-19

While people across the country continue to experience different impacts from the global pandemic, they all have one thing in common: Stress. Here are some tips to build resiliency in these uncertain times.

Compliance

Flexible approach needed in return from coronavirus

Add this monkey wrench to the list of things an employer has to wrestle with as stay-at-home and shutdown orders are lifted: Can an employee, fearful of contracting coronavirus, refuse to return to work?

Compliance

Driving innovation in supply-chain practices post-pandemic

Yes, the coronavirus pandemic has flipped global supply chains on their heads and has disrupted markets in dramatic ways, but not everything in its aftermath has been doom and gloom. As forward-thinking companies know well, nothing drives agile decision making and innovations in the supply chain more effectively than times of crisis.

Finance

SEC: Enforcement efforts still extend beyond coronavirus

Like many other regulatory agencies during the last two months, the Securities and Exchange Commission has shifted a large degree of its focus to rooting out fraud and misconduct related to the coronavirus pandemic. But that doesn’t mean other offenders are off the hook.

Finance

FRA’s Private Investment Fund Tax Master Class is now a virtual event

Attendees can participate in the industry’s most complete and concise tax event for private equity and hedge funds from the comfort and safety of their home offices.

Compliance

Current cyber-environment calls for proactive approach

The conventional wisdom on cyber-security is to play defense and respond quickly to breaches. But can your organization be proactive?

Compliance

M&A due diligence landscape forever altered by coronavirus pandemic

The coronavirus pandemic has forever altered both the risk landscape and the diligence protocols for merger and acquisition transactions, and at every stage—from deals that closed prior to, and during, the pandemic to those that are still pending to every deal in their wake. No matter what stage the transaction, however, compliance should always have a seat at the table.

Compliance

Six steps to emerging from coronavirus with a strengthened compliance program

As we navigate an unprecedented global pandemic, the attention of general counsels and chief compliance officers has been naturally turned to managing the immediate crisis before them—perhaps with limited compliance resources. But what comes next?

Compliance

Best practices for maintaining a healthy incident-response program

Hotlines play a vital role in the overall health of an ethics and compliance program by taking the pulse of an organization’s culture. Yet, many incident-management programs are not as healthy as they could or should be and are especially being put to the test by the coronavirus pandemic.

Finance

FRA conferences go virtual: Prepare for a brand-new event experience this spring

For the first time, FRA will offer live events virtually so there is no need for attendees, speakers, sponsors, and staff to travel. The 29th Sub-Advised Funds Forum and 5th Annual Mastering Client Services and RFPs for Institutional Investors will now come straight to your home office.

Compliance

Navigating the return of employees to the workplace

Bringing employees back from working from home means reacting to ever-changing recommendations from health experts as well as the mandates of state and local officials.

Government

Coronavirus pandemic, government money create perfect storm for financial fraud

The United States may be entering a golden age for financial fraud.

Taft-Hartley

Taft Hartley Act and OSHA may be the protection employees need from the COVID-19 pandemic

A look at the long-standing federal protections important for employees during the global pandemic.

Government

COVID-19: Police officers on front lines of pandemic face reduced forces, little to no protective equipment, and more

Police departments across the country are grappling with how best to protect their communities and officers with limited resources.

Finance

FinCEN, OCC offer BSA compliance relief amid pandemic

Two federal agencies that oversee Bank Secrecy Act (BSA) requirements have notified financial institutions they will agree to “reasonable delays” in the filing of required reports if institutions can show the delays are necessary due to the coronavirus pandemic.

Compliance

Coronavirus will raise profile of compliance moving forward

What will life be like for business once the coronavirus crisis is over?

Compliance

Regulatory slowdown due to coronavirus makes compliance role critical

The ongoing pandemic is slowing down investigations into most types of white-collar crimes as federal enforcement agencies refocus their attention on coronavirus-related matters.

Government

DOJ provides $850 million to public safety agencies amid COVID-19 pandemic

The Department of Justice (DOJ) created the Coronavirus Emergency Supplemental Funding (CESF) program to help agencies address the outbreak.

Compliance

Survey: Lessons from those who weren’t ready for coronavirus

Nearly 10 percent of 365 compliance professionals who completed Compliance Week’s coronavirus survey said their companies were ill-prepared for the pandemic. For these 31 companies—representing industries including banking, business services, government, manufacturing/retail, aerospace, government, and real estate—the outbreak caught them flat-footed. More than two-thirds of these companies were on the larger side—between 1,000-10,000 employees—and had international corporate footprints.

Finance

Comparing the coronavirus stimulus package to 2008 relief

Washington’s wrangling over an emergency coronavirus economic stimulus package, the largest in U.S. history, came to fruition last week with both Main Street and Wall Street getting some form of relief.

Finance

CECL delayed amid U.S. government’s coronavirus response

The Financial Accounting Standards Board’s controversial standard on credit losses was dealt two significant blows Friday as the U.S. government scrambles to respond to the financial impact of the escalating coronavirus pandemic.

Finance

SEC provides new coronavirus disclosure guidance

The Securities and Exchange Commission’s Division of Corporation Finance on Wednesday published new guidance to provide clarity regarding its view on disclosure and other securities law obligations during the escalating coronavirus pandemic.

Compliance

OIG issues COVID-19 fraud alert over health scare scams

Christi A. Grimm, the principal deputy inspector general, warns about “bad actors” preying on people’s fears over COVID-19 and perpetuating fraud schemes.

Finance

The coronavirus crisis: 3 communication tips for businesses

All organizations are navigating in uncharted waters in response to the coronavirus pandemic. We’ve rounded up tips to help you communicate with your employees and customers during these unprecedented times.

Finance

Coronavirus begins disrupting public companies’ financial reporting

Publicly traded companies have begun taking advantage of a 45-day extension for filing certain financial reports to the Securities and Exchange Commission (SEC).

Compliance

Don’t let coronavirus fears leave you vulnerable to hacking schemes

As more companies around the world require, or highly recommend, that their employees work remotely to prevent the further spread of the novel coronavirus, hackers who thrive off fear see this as an opportune time to carry out a cyber-attack. In this time of fear and uncertainty, it’s more critical than ever to practice good security hygiene (just think of it as the technical version of proper handwashing).

Finance

PwC survey: Finance leaders worried about global recession

The potential for the coronavirus (COVID-19) outbreak to lead to a global recession topped the list of concerns among finance leaders based in the United States and Mexico, according to a new survey released Monday by PwC. Other top concerns include decreased consumer confidence and the potential adverse impact on financial operations and workforce productivity.

Compliance

Eight steps for designing a coronavirus crisis management plan

With the coronavirus pandemic front and center on everyone’s mind these days, companies are having to walk a fine line between taking care to communicate necessary and important information while also preventing widespread panic. How to go about doing that effectively begins and ends with a robust crisis management plan.

Compliance

Employees working from home to avoid coronavirus? Protect your data

With the coronavirus threat having moved on from disrupting your business’s supply chain to threatening your employees’ health at home, now is the time to implement that company-wide remote workplace plan.

Compliance

Disruptions caused by coronavirus affecting global supply chain

Investors rattled by China’s burgeoning coronavirus outbreak reacted Monday by shifting investments from stocks into more secure investments like government bonds and gold.

Compliance

Third-Party Risk Management & Oversight Summit: Best practices to ensure you’re prepared for the worst

Amanda Hill, MBA, CISA, senior manager, corporate IT audit, Arrow Electronics, shared insights at last year’s summit, and she’s back by popular demand! Hill will join a panel discussion on best practices regarding third-party relationships, disaster planning (including the coronavirus outbreak), and recovery strategies at FRA and Compliance Week’s Third-Party Risk Management & Oversight Summit New York in March.

Finance

Top 5 reasons to attend FRA’s Mastering Client Services and RFPs for Institutional Investors conference

Find out why RFP, client services, and marketing professionals return year after year to FRA’s Mastering Client Services and RFPs for Institutional Investors conference. This year’s event will take place in New York City on March 26-27.

Legal

Women Legal: ARK adds a second day to the annual conference, expands speaker engagement, number of attendees, and networking opportunities

ARK is going bigger and better for the 13th annual Women Legal conference. Previously a one-day event, the extra day provides additional time and space for exciting changes. Conference chairperson, Patricia Gillette, public keynote speaker and member of JAMS, shares with ARK what attendees can expect.

Compliance

Third-Party Risk Management & Oversight Summit: Best practices to ensure you’re prepared for a swift recovery when disaster strikes

All companies must have a comprehensive plan in place in case of a disaster, according to Lisa Beth Lentini Walker, CEO and founder, Lumen Worldwide Endeavors, and Amanda Hill, MBA, CISA, internal audit manager, Western Union. Lentini Walker and Hill will discuss best practices regarding third-party relationships, disaster planning, and recovery strategies at FRA and Compliance Week’s Third-Party Risk Management & Oversight Summit San Francisco 2019 at Marines’ Memorial Club, Dec. 9-10.

Government

Cultural struggles faced by women in public safety: WIFLE President Cathy Sanz shares life lessons she’s acquired in her 40+ year career

Cathy Sanz, president, Women in Federal Law Enforcement (WIFLE), has faced her fair share of struggles as a woman working in law enforcement. Sanz, one of the speakers at the upcoming 5th Annual Police Recruitment & Retention Summit, shares with FRA her personal experiences and advice for women interested in furthering their professional development.

Compliance

Compliance lessons from recent nine-figure FCPA settlements

Hiring practices in the financial services industry, third-party risk in the technology sector, and a continued focus by the government on individual prosecutions are just a few areas of Foreign Corrupt Practices Act enforcement activity in 2019.

Taft-Hartley

Taft-Hartley Benefits Summit roundtables to look at real estate investments, merger of plans, medical and recreational marijuana legal concerns, and more

In addition to in-depth presentations and panel discussions on political and regulatory issues that have an impact on multiemployer and public sector plans, Made in America 2020: The Taft-Hartley Benefits Summit will offer attendees an opportunity to participate in three 20-minute moderated roundtables on hot button topics. Here’s a look at three of the topics that will be addressed during the “beer and benefits roundtables” at the event, January 19-21, 2020 at the Bellagio Hotel and Casino in Las Vegas.

Taft-Hartley

The future of infrastructure investments: Speakers weigh in prior to their featured session at the FRA Taft-Hartley Benefits Summit

Michael Underhill, Jim Maloney, and Mike Claridge will discuss the importance of infrastructure investments at FRA's Made in America 2020: The 17th annual Taft-Hartley Benefits Summit.

Compliance

Survey: Companies believe they've underinvested in TPRM

A survey published by Deloitte highlights the latest trends—both opportunities and challenges—in companies’ journey toward a more mature extended enterprise risk management program, one in which third-party risk management is integrated across the firm and led from the top.

Government

Women in Public Safety: Retired FBI agent Rhonda Glover offers lessons on leadership and tips to prepare for the next stage of your career

Rhonda Glover spent 34 years working for the Federal Bureau of Investigation before retiring last year from a career she loved. She had no choice–the age cut off for agents in federal law enforcement is 57. But she had far too much energy and ambition to leave the working world behind. FRA talked to Glover ahead of the 5th Annual Police Recruitment & Retention Summit about what she has learned about leadership and her own career reset as founder and CEO of a training, development, and career coaching firm.

Taft-Hartley

Medicare-for-All: Taft-Hartley Benefits Summit to look at the implications of a single-payer health system on health funds and union membership

Interest in a single-payer system has grown in the wake of unaffordable premiums and deductibles even for the lowest non-subsidized plans, as well as the Trump administration’s efforts to further destabilize the Affordable Care Act health insurance exchange market. Indeed, Medicare-for-All proposals continue to dominate headlines in the Democratic presidential race. While promoted as well intentioned, these proposals have wide-reaching implications for health care trust funds and their ability to provide benefits to their members.

Taft-Hartley

The multiemployer pension plan crisis: The Taft-Hartley Benefits Summit to examine potential solutions

Although the Democratically-controlled House of Representatives passed legislation in July meant to stabilize multiemployer pension plans, the bill will likely face stiff opposition from Republicans if the Senate decides to act on it this year. Yet with no other alternative, more than 100 of these pension plans are headed for a financial crisis and are projected to become insolvent. In this article, FRA talks to Joseph A. LoCicero, chairman of The Segal Group, about the possible future of multiemployer plans.

Finance

New roundtable speed networking session at 2019 Sub-Advised Funds Forum

This is a session you don't want to miss!

Finance

Back by popular demand: FRA to host another Sub-Advised Funds Forum in 2019

The two-day conference will head to Boston on September 16-17 to focus on strategies to optimize returns in sub-advised and multi-managed funds in the U.S., European, and Canadian markets.

Finance

E. George Teixeira on the Tax Cuts and Jobs Act and why you don’t want to miss this year’s Private Investment Funds Tax & Accounting Master Class

It’s been more than a year since the Republican-led Congress passed the Tax Cuts and Jobs Act (TCJA), the most significant piece of tax legislation in several decades. But there are still holes in the law, which became clear this tax season in the absence of guidance, according to E. George Teixeira, partner in Anchin’s financial services practice. In this article, we talked to Teixeira about the impact of the TCJA and why he believes it’s vital for tax and accounting professionals to attend this year’s Private Investment Funds Tax & Accounting Master Class.

Finance

Sub-Advised Funds Forum: What you need to know about the growing demand for ESG investments

Last year was a tough one for the equity and bond market overall. Except for funds that use environmental, social, and governance (ESG) considerations as a meaningful part of the fund’s strategy. In this article, FRA talks to three of the scheduled speakers at the Sub-Advised Funds Forum in April about ESG strategies, the factors driving the interest in these investments, and what the future holds for them.

Government

Public Safety Technology Summit Speakers Preview 5 Can't Miss Sessions at Dual Conference Event, Feb. 27-28

Conference digs deep into challenges, opportunities associated with body-worn camera usage, unmanned aircraft systems, and counter drones

Taft-Hartley

The future of multiemployer pension plans: Earl Pomeroy, Joseph LoCicero weigh in ahead of their talk at the FRA Taft-Hartley Benefits Summit

Although the bipartisan Joint Select Committee on the Solvency of Multiemployer Pension Plans failed to vote or come up with a firm package of potential solutions by its Nov. 30 deadline, Republican and Democratic lawmakers have made progress in the quest to strengthen the finances of these underfunded pension plans.

Government

FRA hosts its first-ever Public Safety Technology Summit, a dual conference event for public safety departments

Conference will feature advanced topics related to body-worn camera usage and public safety, unmanned aircraft systems, and counter drones

Government

Recruitment and Retention Struggles: Two Ways Law Enforcement Agencies Can Hold On to Their Police Officers and Attract New Ones

It’s not easy being a police officer, especially in today’s environment that has put the behaviors of law enforcement officers under the microscope. And that makes recruiting new ones to the force and retaining existing officers an even bigger challenge.

Government

National Body-Worn Camera Forum Brings Industry Leaders Together to Share Strategies to Improve BWC Programs

The fall forum will provide attendees with an opportunity to learn from other agencies that have implemented programs to find out what worked and what they'd do differently.