1 / 4

Ready for the Turn

What Can We Expect in a New Regulatory Environment?. 2009 Boston Financial Client Forum. Ready for the Turn. The Three Fronts of Regulatory Change. Legislative Front – Financial Services Reform Reaction to perceived causes and contributing factors of financial crisis

helena
Télécharger la présentation

Ready for the Turn

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What Can We Expect in a New Regulatory Environment? 2009 Boston Financial Client Forum Ready for the Turn

  2. The Three Fronts of Regulatory Change • Legislative Front – Financial Services Reform • Reaction to perceived causes and contributing factors of financial crisis • Monitoring and managing risk – Systemic Risk Regulator • Closing regulatory gaps – Private advisor registration, OTC derivatives • Protecting consumers – Consumer Financial Protection Agency • Regulatory Front – Aggressive SEC rulemaking and enforcement agenda • Madoff – Custody Rule • Reserve Fund – Money Market Reforms • Short pressure on FS firms – revisiting uptick rule • International Front – Striving For International Coordination? • Proposed EC AIFM Directive 2009 Boston Financial Client Forum Ready for the Turn

  3. The Example of Money Market Funds • Run on the Reserve Fund • Group of 30 / Volcker and ICI Recommendations • SEC Proposed Rule on Money Market Fund Reform • Key Issues • $1 Fixed NAV vs. Floating NAV • Portfolio Quality • Liquidity • Retail vs. Institutional MMF’s • Operational Considerations of Proposals 2009 Boston Financial Client Forum Ready for the Turn

  4. The Debate Is Just Beginning • Congress is just now beginning to consider the key administration proposals • Important to stay involved in the Washington (and international) discussion and educate policy makers on the potential impact of proposed legislation and rules • Example of MA 201 – Massachusetts Privacy Law 2009 Boston Financial Client Forum Ready for the Turn

More Related