Client Study: Market Events and Regulatory Compliance
Treasury Regulatory Compliance
Client: Regional Bank
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Business Areas Impacted: Consumer Banking, Commercial Banking, Treasury, Risk, Compliance, Finance, Reporting, Legal, Operations & Technology
The Challenge
Systemically Important Financial Institutions are required to comply with Treasury Hedging rules where derivatives are to be executed in Swap Execution Facilities (SEF) with enhanced reporting
Business Value Created
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Confidence in meeting regulatory compliance requirements from multiple regulatory authorities
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Foundation for international regulatory compliance as required by Bank of International Settlements (BIS)
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Many data artifacts in the footprint can be leveraged for future market and regulatory events
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High quality stakeholder engagement
How did Aggrego Help?
Assess impact on current Treasury hedge trade capture, execution and settlement process based on current processing and reporting. Law Firm publications and daily briefings
Review Federal Register request for comment and rulemaking with client attorneys, Risk and Compliance Officers, Regulatory program steering and operating committees for impact on Finance, Treasury, Risk, Business areas, Technology and Operations
Analysis of change for regulatory reporting and review of current data models and repositories for gaps, high level solution and timeline to address
Work closely with CFO, Corporate Treasurer, Corporate Controllers, Legal Entity Controllers, Derivatives Trading and Back Office, Swap Execution Facility vendors to perform regulatory gap analysis and compliance plan
Provide subject matter input on business process, data and reporting in Commercial Banking, Deposits processing, loans, Treasury, Risk, Compliance, call reports and federal reporting