Working in concert with in-house counsel, members of the CRA team led a review of a Swiss bank’s existing compliance policies, protocols and procedures for their private bank. The review was focused on revamping the bank’s risk-rating approach in certain geographies, and insuring client on-boarding procedures and vetting were consistent with the recommendations from US regulatory authorities as well as in line with peer baking institutions’ policies. The team’s recommendations were adapted by the bank, briefed to the SEC and Federal Reserve, and applied across multiple geographies.
How PE firms can prepare for the DOJ’s Section 8 crackdown on interlocking directorates across portfolio companies
In this article, published in Private Equity Law Report, CRA consultants discuss the renewed push by the US Department of Justice (DOJ) and the Federal Trade...