Banking


Comptroller of the Currency John D. Hawke says banks owned by financial conglomerates should better protect their interests—by insisting on reasonable compensation—when dealing with affiliated organizations that want to sell products to bank customers ( www.occ.treas.gov/ftp/release/2002-78.doc ). Hawke recommends several additional ways—including adopting corporate governance standards—banks can preempt government intervention and retain their self-regulatory powers.

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VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.