Sign up for free newsletter



Impact of new regulations top concern in addressing systemic risks

The impact of new regulations in the financial services industry is by far the most important systemic-risk concern facing the global capital markets, according to a recent client survey conducted by The Depository Trust & Clearing Corporation (DTCC).

The survey revealed that 82 per cent of industry leaders ranked meeting new regulatory requirements as a top concern in mitigating systemic risks.
“Given the massive scope of Dodd-Frank, CPSS IOSCO, Basel III and other new or enhanced regulations, the tremendous commitment of time and resources necessary to build and maintain compliance structures is clearly keeping people up at night,” says DTCC’s Michael Leibrock, vice president, operational and systemic risk management. “The findings suggest that if execution of regulatory mandates is done poorly, that could actually create risks which supervisors are trying to avoid, including the potential failure of a firm as a worst-case scenario.”

Subscribe to free daily newsletter
Multiple Linux Engineer Positions

Thu, 08 Oct 2015 00:00:00 GMT

Java Developer - Commodities - New York

Thu, 08 Oct 2015 00:00:00 GMT

Java Developer - Financial Technology - Frankfurt

Thu, 08 Oct 2015 00:00:00 GMT

3 days 17 hours from now - New York
1 week 2 days from now - Cairo
1 week 2 days from now - Hong Kong
1 week 2 days from now - New York