Financial Services
Financial Services firms from Regional Banks, Commercial Banks, International Banks, Private Equity, Venture Capital, Depository Banks, Investment Banks, and Brokerage firms are all challenged with leveraging technology solutions to improve performance and complying with a wide variety of industry regulations including:
- Securities Exchange Act
- Generally Accepted Accounting Policies (GAAP)
- Financial Accounting Standards Board (FASB)
- Community reinvestment Act
- Federal Depository Insurance Corporation (FDIC)
- Consumer Financial Protection Bureau
- Dodd Frank
- Sarbanes Oxley (SOX)
- Bank Holding Company Act
- Federal Reserve
- Federal Depository Insurance Act (FDIA)
- US Treasury
- Interstate Banking Act
- Gramm Leach Bliley Act
- Depository Insurance Fund (DIF)
- US Treasury Office of Foreign Asset Control (OFAC)
- Investment Advisors Act
- Federal Open Market Committee (FOMC)
- Federal Reserve Boards
- USA Patriot Act
- Security and Exchange Commission (SEC)
- Electronic Funds Transfer Act
- Payment Card Industry (PCI) Standards
- Durbin Amendment
- Financial Stability Oversight Council (FSOC)
- Volker Rule
- Home Mortgage Disclosure Act
- Fair Credit Reporting Act
- Fair and Accurate Credit Transaction Act
- Truth in Lending Act
- Real Estate Settlement Procedures
- Equal Credit Opportunity Act
And this list is only a partial list of the governing bodies, acts, and regulations that financial services firms must contend with while simultaneously building trusting relationships with clients and leveraging technology to improve business performance. Arête Advisors LLC can help our clients design and implement technology solutions to put in process and systems to comply with regulatory requirements, create separation of duties, and create governance and control systems.