DFA Impact on Technology

Presented by

Helen Heimann (Wells Fargo) and Tom Andreesen, Michael Brauneis, Michael Lane (Protiviti)

About this talk

A Discussion of Implications of Dodd-Frank on Technology in Financial Institutions Financial Institutions of all sizes are devoting significant time and resources to understanding, planning, and implementing the Dodd-Frank Act (DFA). One common implementation pitfall is the failure to appreciate the significant impact that DFA will have on technology and the lead time that will be required to effect technology changes. This session will provide insights into how to avoid this pitfall and gain a better understanding of the impact of DFA on technology as well as practical insights from an industry technology leader. Topics include: DFA provisions likely to impact IT: o Derivatives and Swaps Trading (Title VII) o SIFI – Living Wills (Title I) o SIFI – Office of Financial Research (Title I) o Volcker Rule (Title VI) o Consumer Protection Requirements (Titles X and XIV) o Privacy and Information Security Considerations (various titles) Comparison of Implementation Models and Best Practices: o Project governance structures o Aligning DFA IT needs with business strategy-driven IT roadmaps o How industry leaders are using technology to support broader DFA change management initiatives.

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Protiviti is a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. Our firm includes leading experts in areas of finance and accounting, risk and compliance, technology effectiveness, litigation, investigations and financial restructuring. Our professionals have powerful insights on par with the largest consulting organizations in the world; however, we are more nimble and adept than these competitors in delivering value for our clients. Protiviti is the leading company dedicated exclusively to risk consulting and internal audit. We help our clients seize new opportunities for growth and profitability while protecting them from their risks. We work with more than 25 percent of the FORTUNE 500®. Our 2,500 professionals in 60 offices worldwide bring powerful insights and proven delivery with a customized blend of competencies to every project.