Day: August 30, 2021

SFDR Level 2 RTS Delays and Latest Developments

Post author By Coffee and Regs
Post date August 30, 2021
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SFDR Level 2 RTS Delays and Latest Developments

In this episode, CSS’s Head of ESG, Marye Cherry discusses the latest updates on ESG, including the delay to the SFDR Level 2 RTS and the impact that will have on financial firms.

About Our Guest Speakers:

Marye Cherry is the EU Regulatory Counsel and Head of ESG at Compliance Solutions Strategies (CSS). With more than 10 years of legal and compliance experience, Marye specializes in transparency and regulatory reporting issues in the financial services industry, including sensitive industries and ESG. At CSS, Marye focuses on European financial regulations that affect fund managers’ operations worldwide and helps translate those requirements into automated reporting solutions.

Natalie Silverman serves as CSS’s Chief Marketing Officer. A leading FinTech specialist, Natalie has over 18 years of go-to-market and strategic expertise in financial services, SaaS, media and news. Most recently she has helped to build innovation labs across startups and enterprises.

Tags ESG, fintech, regte, SFDR

Compliance Kitchen

Dynatex International Enforcement Action

Post author By admin
Post date August 30, 2021
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In this episode, the Kitchen takes a look at a settlement between the BIS and a California company, Dynatex International, over allegations of Export Administration Regulations violations.

Tags Dynatex International

The Ethics Experts

Episode 076 – Yonason Goldson

Post author By ComplianceLIVE
Post date August 30, 2021
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In this episode of The Ethics Experts, Nick welcomes Yonason Goldson, keynote and TEDx speaker, to the show.

Tags Nick Gallo, Yonason Goldson

The ESG Report

Supply and ESG in the EU with Yven Heine

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Post date August 30, 2021
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Yven Heine is the Managing Director of StoneTurn. A risk professional with over 20 years of experience, he has worked as US CPA in all three lines of defense. He joins Tom Fox on this episode of the ESG Report to discuss a new German law on supply chain that has significant implications for ESG.

Germany’s New Supply Chain Law
Any company with over 3000 employees that is based in or has a branch in Germany is subject to the new Supply Chain Act, Yven tells Tom. The law defines supply chain as all steps required to manufacture products and provide services. As of January 1, 2023, companies and their suppliers will be legally obligated by law to observe human rights and environmental due diligence along the supply chain or be fined up to 2% of their annual revenue. This is why companies need to prepare for this law from now, he says.

ESG in the EU
Tom asks Yven what he thinks about the state of ESG in the EU. Yven responds that companies are slowly starting to establish ESG reporting and define risks for inclusion in their risk assessment process. It’s important to establish an ESG risk management system from now to safeguard your company and to ensure that you’re protecting human rights and the environment in your business operations, he emphasizes. This system should include your direct and indirect suppliers. He sees the new Supply Chain Act as a significant step towards human rights protection which has global impact. It effectively mandates that companies must ensure human rights and environmental protection wherever they do business, even in China or Bangladesh. He and Tom discuss ESG reporting by corporations in the EU. The financial services sector must now take ESG factors into account when making investment decisions.

Into The Future
Tom asks, “Do you see ESG evolving or changing in the EU?” Yven responds it is evolving and because of this new law, companies have to act sooner rather than later.

Resources
StoneTurn
Yven Heine on LinkedIn

Tags ESG in the EU

FCPA Compliance Report

Karen Woody on Comings and Goings at the SEC

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Post date August 30, 2021
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In this Episode of the FCPA Compliance Report, I am joined by Professor Karen Woody to look at the current state of the SEC in the Biden Administration. Highlights of this podcast include:

A. SEC-Early Impressions

SEC debate in the public arena between the commissioners.
Early impressions of SEC Chair Gensler.
What are some of the top priorities you have seen so far from the SEC?
Has new enforcement life been breathed into the SEC?

B. Specific Topics

Where will SEC enforcement go on SPACs? Will Lordstown Motors be a harbinger or simply just another accounting fraud?
Non-bribery FCPA enforcement under books and records/internal control provisions. Does Tandy Leather continue this trend?
What, if any role will SEC have in crypto regulation as a commodity? Or is it a financial instrument of some type?
What other areas you are watching from the SEC for either guidance or enforcement?

C. Into the Future