Dealing with Dodd-Frank: an operational response for non-US banks

We are witnessing the dawn of a new age in financial services: the omnipresence of the regulator

Managing the current frequency and volume of regulatory change within complex systems is a big challenge for companies – from large, international banks and national banks, to funds and other non-bank financial services or quasi-bank entities in the so-called shadow-banking sector.

Regulators at various levels around the globe are prodding them towards operating within a new infrastructure in which previously private activities shift onto public exchanges, clearing systems and data warehouses