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Assessing the Impact of U.S. Financial Regulatory Reform

The sound of rumbling thunder


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Assessing the Impact of U.S. Financial Regulatory ReformFor months, the legislative barometer has been signaling change amid the rumble of distant thunder. Now the storm has broken: President Obama has signed into law the monumental “Dodd-Frank Wall Street Reform and Consumer Protection Act.” Although the U.S. law is complex, it may be helpful to remind ourselves that its underlying purpose is relatively simple and has two powerful strands:

  1. “De-risk” the financial system by constraining individual institutions’ risk-taking activities and capturing a broader set of institutions, including the so-called “shadow” banking system, in the regulatory net
  2. Enhance consumer protections

There are certain implications of reform that, if not universal, are of broad importance. We’ve picked these seven for their ubiquity:

  • Being (or not being) systemically important
  • Legal entity/structure
  • Capital
  • Data and business information
  • Governance, oversight, and accountability
  • People and culture
  • Regulatory change management.

Download the attachment below to read more about these seven implications of financial regulatory reform.

Contacts

Name:
Warren Green
Company:
Deloitte Australia
Job Title:
Leader, Financial Services
Phone:
Tel: +61 2 9322 5454
Email
wgreen@deloitte.com.au
Name:
Sarah Woodhouse
Company:
Deloitte Australia
Job Title:
Wealth Management Leader
Phone:
Tel: +61 2 9322 7510
Email
sawoodhouse@deloitte.com.au
Name:
Stuart Alexander
Company:
Deloitte Australia
Job Title:
Leader, Insurance
Phone:
Tel:+61 2 9322 7155
Email
stalexander@deloitte.com.au

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