What's the Big Deal About Dodd-Frank?
Any new regulation is bound to give a company heartburn, but the financial services sector certainly is being put to the test by the Dodd-Frank Act and its abundance of rules that range from protecting health and safety of mineral miners to revealing executive compensation. Because of its scale, Dodd-Frank is a totally new ballgame compared to previous regulations like Sarbanes-Oxley. To top it off, four years after the bill was passed, 24% of the rules remain unknown, making planning for compliance and managing change quite a challenge. Helping companies sort out the complexities of such a behemoth is Andrea Kramer, partner at McDermott Will & Emery. An expert on Dodd-Frank, Andrea counsels her clients on which rules apply to them and how to comply.
In this podcast, Andie Kramer talks with Nathaniel Palmer from BPM.com about the reasons why Dodd-Frank is particularly challenging, and why organizations that have a BPM structure are best equipped to thrive in a post Dodd-Frank world.