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