Customers and regulators expect fairness and quality in account servicing, and compliance officers can help banks perform successfully in this area while mitigating risk, write Liza Warner and Karen Cullen of CrossCheck Compliance. An internal audit of the compliance-management system and a compliance examination of products before launch are among important controls, Warner and Cullen write.
Chinese GDP increased 6.2% year over year during the second quarter, the lowest rate in 27 years, according to government data. China has reduced its growth target for this year to 6% to 6.5%.
The 9th Circuit Court of Appeals held that Treasury regulations provide the exclusive rules for proving timely delivery of a tax return and that the common law mailbox rule is superseded by the regulations. Courts have split on whether the regulations displace or supplement the common law rule.
Summer, when business often slows, is a good time to take action to accelerate career development. Possible steps include learning skills and reviewing long-term goals.
Here is a primer for controlling how links open on computers and mobile devices. Learn how to set default apps and determine whether links open in new browser tabs.
Kant is the managing director of the State Bank of India.
Parental and spousal caregivers may provide multiple years' worth of care to their loved ones, and the average duration is longer for older caregivers, according to research from the Government Accountability Office. The research also found that certain groups -- women, spouses and members of the Hispanic community -- are most likely to offer long-term daily care. Visit the Caring for an Aging Parent Life Event Center in Broadridge Advisor (open to PFP Section members) for resources on communicating with clients who have aging parents.
The SECURE Act, which has already passed the House, would increase the age at which savers would have to start taking required minimum distributions from 70½ to 72. Here is a look at how that change could affect the value of reinvested RMDs. For more information about how the SECURE Act could affect planning for clients, check out this podcast, courtesy of the PFP Section.