• Service: Advisory
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 5/5/2011

Operationalizing booking entity structures under the Dodd Frank act 

The Dodd-Frank Act aims to provide greater transparency to, and reduce the risks associated with the previously unregulated 'over-the-counter' (OTC) derivatives market. The act will affect the analysis and design aspects of an entity, the operational areas, and all related responsibilities within the OTC derivatives framework. In order to respond to the new regulatory environment, market participants will need to address a number of significant aspects of their business, including compliance, control, and infrastructure.
To realize the vision of booking entity design, firms will have to address a number of operational issues. Companies need to ensure that measures, such as a formal governance structure to oversee rule-making initiatives, assessment of newly enacted procedures, adequate technology, and data structures, are in place to comply with the new regulation.