Legal and Regulatory Change
Recent years have seen an unprecedented volume of proposed and implemented legal and regulatory changes to the way the financial services industry operates. In the US, the Dodd-Frank Act alone contains approximately 400 new rules, many of which are at the centre of industry-wide debates as to how they can be implemented. The impact of many of these changes is already being felt and is changing the way banks are governed, the processes they follow, the reporting and management required and the way they document their trading relationships.
DRS works with its clients to assess the impact of legal and regulatory change and implement the changes required to their policies, processes, risk management, reporting and documentation.
Some of the legal and regulatory change areas that DRS is currently working on are:
- Recovery and Resolution Plan implementation and maintenance
- Client Money
- Central Counterparty Clearing
- Dodd-Frank Act Initiatives
Please contact us to discuss how DRS can help your organisation manage the impact of industry change.