ABA Article - The Compliance Expert Advantage: A New Field Of Expertise In Financial Litigation
The stakes are high in financial industry litigation. Banks and broker-dealers may be on the hook for millions or even billions of dollars. With compliance, controls, governance, and supervisory oversight often taking center stage, it is surprising there have been so few independent …
Bloomberg - Wall Street Missed Warning Signs Ahead of $1 Billion Fintech Implosion
“They may have to write down these assets, maybe to zero, if they haven’t already,” said Mike Evans, founder of Vega Compliance Consulting in New York and a former senior compliance official at BNP Paribas. And if the investors didn’t carry out proper scrutiny beforehand, he said, “shame on them.”
New Compliance Firm: Intervene Early
“VEGA Compliance helps … build the goodwill necessary to negotiate reduced fines by millions or even tens of millions of dollars – but it has to happen early,” Evans said. “Just like market hedges, regulatory hedges have to be in place before the risk event comes to fruition. A late hedge is no hedge at all.”