On the campaign trail for the Democratic presidential nomination, candidate Bernie Sanders has been hammering away at Wall Street and its impact upon the economy, calling for the return of the Glass-Steagall Act, the breakup of large banks, and other reforms that he says go further than the Dodd-Frank Act. However, the proposed changes from… Read More >>
Hillary Clinton Takes On Wall Street — Or Does She?
As the 2016 race for the presidency heats up, Wall Street and its many sins are back in the spotlight. Politicians on the left are tripping over each other to find the right words to help them get as many votes as possible. Some of those words from Democratic Party candidates for the presidential nomination… Read More >>
Five Years On, Dodd-Frank’s Ops Changes Are Here to Stay
The U.S. financial services industry — including its collective back- and middle-offices in particular — has undergone sweeping changes since the Great Recession, the vast majority of which are directly attributable to the 2010 Dodd-Frank Wall Street Reform Act. The law was contentious from the very beginning, so it’s perhaps unsurprising that opinion on its… Read More >>
Greek Default Could Cause Back-Office Nightmares
The specter of an impending Greek default and subsequent exit from the Eurozone that was raised over the weekend unsurprisingly has traders and politicians on the edge of their seats, but a default could mean plenty of pain for the back-office too, industry observers say. “I think it will rank somewhere between a bad dream… Read More >>
Deutsche Bank’s $55M Settlement Could Boost Transparency
Deutsche Bank settled charges of misstating the value of a derivatives portfolio with the SEC to the tune of $55 million, the latest in a string of regulatory penalties to hit the bank that could potentially provide another nail in the coffin for the opaque processes common at major banks before the Great Recession, industry… Read More >>
