By Vinay Kumar Prasad, Srinivas Prabhala
The Dodd-Frank act is one of the most comprehensive reform bills affecting the financial industry in the area of regulatory compliance. The Act affects the organization and functioning of financial regulators and thus has impact on various parts of a financial institution including change to business strategy, process, IT systems etc.
This paper focuses on a couple of the titles in the act highlighting the functional impact and the impact to the IT infrastructure of a typical financial institution operating in the US.
The Dodd Frank act, aimed at providing stability to the US ...