Bethel Desmond
Not since the Great Depression have we seen such sweeping regulatory reforms in the aftermath of a market crisis. These changes stand to influence every segment of the financial services industry with reverberations to be felt throughout corporate America.
The general consensus is that other regulatory reforms affected key business areas of banks, like risk and technology, while Dodd-Frank, the U.S. government‟s answer to avoiding a repeat of the 2008 debt crisis, is much more strategic, broader and far-reaching.
Implementing Dodd-Frank will be difficult for the financial community. Banks are taking a very dedicated, methodical approach to adopting the vast requirements mandated by the new regulatory environment, but just what approach to take is not always clear. Enter the role of the consultant. As experts in project
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