The Dodd-Frank Wall Street Reform and Consumer Protection Act, Or Dodd-Frank Act, represents the most comprehensive financial regulatory reform measures taken since the great depression. With banks trying to get a handle on the plethora of regulatory changes that will be brought about by Dodd Frank, Aptivaa with its off-the-shelf, adaptable and ready to implement frameworks is uniquely positioned to assist banks in gauging its preparedness or lack thereof. Dodd Frank impacts banking in all of its key areas â€“ technological, governance as well as strategy. While certain aspects of the Dodd Frank like the Volcker Rule has received a lot of focus, the other areas of risk and governance are also impacted by the Dodd Frank Act. Some of those areas are
- Risk-based capital requirements;
- Leverage limits;
- Liquidity requirements;
- Requirements for a resolution plan;
- Capital Requirements &
- Concentration limits
Aptivaa, from its prior experience of having worked in several regulatory compliance initiatives in various geographies including the US, UK, Middle East and South Asia is well positioned to assist bank in its Dodd Frank initiatives, both from a preparedness assessment standpoint as well as in assisting banks in preparing roadmaps for compliance. From an implementation perspective, apart from having the process skills and the project management capabilities of meeting with timelines and mandates that are demanding, we also bring in our domain knowledge to assist banks in interactions with the regulatory supervisors and also have the experience of assisting banks in credibly demonstrating regulatory compliance.