Financial services firms have faced thousands of regulatory changes in the past year, but according to risk and compliance experts at Wolters Kluwer Financial Services, there are three names that will continue to take the spotlight as we move forward into 2012: Dodd-Frank, Basel III and Solvency II.
The U.S. securities and banking industries are monitoring Dodd-Frank as its implementing rules are shaped and they await their effective compliance dates in the coming months. Meanwhile, insurers across the globe remain focused on how Solvency II and its ripple affects will impact European insurers, as well as those in other countries. At the same time, financial organisations that operate in multiple countries must understand how Basel III is being instituted across numerous regulatory jurisdictions.
As firms work to monitor and comply with the large amount of regulatory change and ongoing repercussions of the financial crisis, they are also faced with the challenge of managing compliance and risk holistically across their organisations. Where should they focus their efforts in 2012? Wolters Kluwer Financial Services’ experts, who include former regulators and compliance officers, compliance analysts and lawyers, share their insight.
The U.S. securities and banking industries are monitoring Dodd-Frank as its implementing rules are shaped and they await their effective compliance dates in the coming months. Meanwhile, insurers across the globe remain focused on how Solvency II and its ripple affects will impact European insurers, as well as those in other countries. At the same time, financial organisations that operate in multiple countries must understand how Basel III is being instituted across numerous regulatory jurisdictions.
As firms work to monitor and comply with the large amount of regulatory change and ongoing repercussions of the financial crisis, they are also faced with the challenge of managing compliance and risk holistically across their organisations. Where should they focus their efforts in 2012? Wolters Kluwer Financial Services’ experts, who include former regulators and compliance officers, compliance analysts and lawyers, share their insight.
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