In my role as president and CEO of GFMI, I am fortunate to work with a variety of clients in numerous cities and countries. As you can imagine, in working with and visiting so many different organizations, I get a chance to discuss a variety of industry topics and to pick up on trends. Over the past several years, one topic that keeps coming up again and again and again is that of regulation and compliance. The big question is, in response to the financial meltdown in 2008, has our government done enough—or not enough—to ensure the safety of our financial systems? This is particularly concerning for those responsible for understanding and complying with the new regulations. For them, the big question is how can they make sure they are following the regulations as intended? In fact, sometimes they’re not even sure where to begin—particularly when it comes to the Volcker Rule.

The Volcker Rule—Where to Begin?

Our latest GFMI article, The Volcker Rule—Where to Begin? written by regulatory and compliance expert Kim Estrada, is an initial guide for those charged with the task of implementing the appropriate compliance checks and balances. In the article, Kim poses a series of questions and answers to help compliance departments determine whether the Volcker Rule applies to their organizations and, if so, the reasonable steps to take. She also offers sound advice to document, document, document!

One Volcker Rule—Five Regulatory Agencies?

There are five (yes, five) regulatory agencies overseeing the development and implementation of the Volcker Rule: Securities Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Federal Reserve Bank (FRB), Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC). How does one Compliance Department ensure that they can meet the expectations of five separate organizations? It certainly does seem a daunting task. Fortunately, though, Kim of/articlesfers guidance in this area as well.

Download and read the article in its entirely. We hope you find it enlightening.

Author

  • Ken Kapner

    Ken Kapner, CEO and President, started Global Financial Markets Institute, Inc. (GFMI) a NASBA certified financial learning and consulting boutique, in 1998. For over two decades, Ken has designed, developed and delivered custom instructor led training courses for a variety of clients including most Federal Government Regulators, Asset Managers, Banks, and Insurance Companies as well as a variety of support functions for these clients. Ken is well-versed in most aspects of the Capital Markets. His specific areas of expertise include derivative products, risk management, foreign exchange, fixed income, structured finance, and portfolio management.

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