Social media and explosion of mobile technology

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Reference no: EM131075807

In the aged of social media and the explosion of mobile technology, corporations and regulators are faced with new challenges when developing effective compliance risk mitigation programs and internal safeguards to protect against internal and external threats of corruption and fraud. According to Keith Darcy an Independent Senior Advisor at Deloitte, the big 5 accounting and consulting firm, “Good Enough” is just no longer good enough. 1. Explain the 5 factors that, according to Mr. Darcy, are the key differentiators in the highest performing compliance programs 2. Provide a summary of BNP Paribas (“BNP”) and Credit Swiss’ overall legal challenges including a tally of all fines the companies will have to settle with regulators and or other government authorities ? Contrast BNP and Credit Swiss situation to that of JP Morgan or any other case that you may know or that may be of interest to you 3. Discuss the merit of the US government’s case against these three financial institutions 4. Discuss whether in this contest these banks should keep their banking license in the United States? Are banks too big to fail?

Reference no: EM131075807

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