With stringent reporting and record keeping requirements, including searchable voice communications, companies are required to have Swaps and Derivative records readily accessible and WORM compliant. Advanced storage and indexing capabilities with rapid response times are necessary to comply with Dodd-Frank compliance requests which require new technology designed to meet these tougher demands.
In 2010, The Dodd-Frank Wall Street Reform and Consumer Protection Act (a.k.a. Dodd-Frank) was signed into law in response to the failures of the Financial Services industry that led to the Great Recession of 2008. The Act created five new federal regulatory bodies resulting in nearly 250 new federal regulations. Many of Dodd-Frank’s impending requirements have yet to be implemented, and the weight of its full force has not yet been felt. Taking a wait-and-see approach may prove to be a costly gamble.
We are typically engaged by Financial Services executives responsible for compliance across their organization and who may be:
Our team of industry experts will help you make a compelling business case for the organizational benefits of our Dodd-Frank Compliance Solutions, including improved operational efficiency, data integrity and enhanced compliance.
Register to watch, "Preparing Your Organization for Dodd-Frank Title VII Reporting" and learn the major reporting rules, the impacts they have on your organization and best practices to help you plan.