American Banker: “FERC Enforcement Actions Will Push Compliance Units into Overdrive”

“Recently, the Federal Energy Regulatory Commission joined the parade of federal regulatory agencies launching major investigations against banks for alleged wrongdoings. The actions by FERC are those of a newly formed enforcement department entering banking for the first time that can leverage huge penalties against major banks,” writes John Alan James of Pace University.

“Recently, the Federal Energy Regulatory Commission joined the parade of federal regulatory agencies launching major investigations against banks for alleged wrongdoings. The actions by FERC are those of a newly formed enforcement department entering banking for the first time that can leverage huge penalties against major banks,” writes John Alan James is executive director of the Center for Global Governance, Reporting and Regulation at Pace University’s Lubin School of Business in New York City.

Read his op-ed on American Banker’s BankThink.

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