Compliance in Financial Services Companies (S)


This seminar deals with compliance mechanisms within large financial organizations. Compliance includes observing the law and following internal rules within the institution. The purpose of the class is to offer a fundamental preparation to the lawyer in a large financial institution's Legal Department or a separate Compliance Department. This seminar covers the following: * The history of compliance within United States and global financial services companies; * The interaction between business processes and compliance processes; and, in some respects, the law and its enforcement within organizations; * The profession of compliance: The roles of the Chief Ethics & Compliance Officer, The Auditor; the Legal Officer and the interaction among them * Defining best practice, business process, risk assessment and controls and their interactions within the global financial service company; * A broad outline of regulations applicable to global financial services companies; the respective roles of corporate governance functions, such as: finance, internal audit, independent auditors, legal, compliance, and ethics departments, and risk management, and international issues. * Asset management: an overview of the regulation of broker dealers, insurance, and banking. * Interacting with regulators, and investigations * Business ethics and culture in large organizations. The reading materials for the seminar are prepared by Professor Lee D. Augsburger (Chief Compliance Officer of Prudential Insurance Company) and Professor Tamar Frankel. ** A student who fails to attend the initial meeting of a seminar, or to obtain permission to be absent from either the instructor or the Registrar, will be administratively dropped from the seminar. Students who waitlist for a seminar are required to attend the first seminar meeting to be considered for enrollment.
Fall 2017: LAW JD 769 , Sep 5th to Dec 5th 2017
A1Tamar Frankel3Tue8:30 am - 10:30 amLAW203