Phillip Gillespie

2 credits

The course will examine the stages of a significant compliance matter through a series of case studies of actual matters in various banking and financial services companies in recent years. Upon successful conclusion of this course, a student will be able to: (a) understand the different stages of a significant compliance failure at a financial services institution from initial discovery through investigation, remediation and on to final resolution, (b) understand the principal considerations and decisions that need to be made at each stage of the process, (c) formulate a plan to investigate allegations of wrongful behavior or practices, (d) determine what communication with regulators, boards of directors, and other stakeholders may be appropriate, (e) understand the principles for a successful remediation of a compliance failure, and (f) have a basic understanding of the statutory enforcement powers of the US financial regulators.