Dodd-Frank Compliance: Keys to Success
It's been more than two years since the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law, and every month the implications for banks and financial firms becomes just a bit clearer.
More than 200 new or changing regulations will ultimately flow from Dodd-Frank, and nearly 200 regulatory updates and 20 new rules will directly affect financial institutions. As the law rolls out in stages, banks are slowly but surely responding to the need for massive internal system changes to better grapple with regulatory requirements and the reality of a new era, one in which they will be asked to respond to more regulatory requests with more granular information in the past. Banks with a firm grip on their content and their data will be rewarded, while the laggards run the risk of being taken to task by regulators, customers and investors.
For more, please take a look at a free e-book that we've published: Dodd-Frank: The Keys to Compliance Success.