FDIC Part 370 Rule: Recordkeeping for Timely Deposit Insurance Determination

In April 2017, FDIC introduced the “Recordkeeping for Timely Deposit Insurance Determination” rule (Part 370) requiring insured institutions with more than two million deposit accounts to configure their systems to be capable of calculating the insured and uninsured amount in each deposit account by ownership right and capacity by April 2020. For compliance with the Part 370 rule, including: An articulation of the Rules set and timeline A review of…

Does Enterprise India care for whisteblowers ?

India has thought about it but implementation ? who cares… Following are some key highlights of changes in clause 49 and its differences from requirements of Companies Act 2013. Overall framework for Corporate Governance Revised clause 49 lays down overall framework or objectives of requirements of clause 49 and companies are expected to interpret and apply those provisions in alignment with the principles. Key components of those framework are  Rights…

What America says about whistleblower ?

What America says about whistleblower ? The Dodd-Frank Wall Street Reform and Consumer Protection Act of the United States came up with a whistleblower program to be overseen by the U.S. Securities and Exchange Commission (SEC) in 2010 post Enron and many other shocks the american corporate world went through. The relevant norms, inter alia, make it a violation of law to take any action to impede an individual from communicating directly with the SEC about a…

Regtech 100

small moments of joy #entrepreneur like me are alive for😂 Thank you God, kids, wife, parents, co-nixers, investors, all well wishers 🙏 Global #RegTech 100 list announced to recognize the #FinTech companies changing the landscape for financial institutions The world’s most innovative providers of technology solutions that address the challenges and opportunities of dealing with regulatory issues are named today on the RegTech 100. RegTech (regulatory technology), is now regarded as one of the largest and most…

Connecting the Dots : Cloud, Regtech and Analytics

The Regtech Industry: In the Regtech industry lot of things are happening in block chain- distributed ledger, the way the Regtech industry is moving, the way we can democratize the Regtech industry . We are looking at cloudified or SaaS model for treasury products. we are seeing some of these new/existing ledger systems are becoming distributed and started adopting blockchain technologies. How these are helping to reduce the cost of maintaining…