Financial services regulatory

Preparing for Form PF - February 9, 2012 This webcast will address Form PF and will describe the regulatory requirement and impact on alternative asset managers. Please click here to register

Volcker hearing: Continued uncertainty is the only certainty At the congressional hearing on January 18, 2012, we heard directly from the leaders of the five key regulatory agencies for the first time on the Volcker Rule. The regulators generally confirmed what we had previously concluded about the Volcker Rule and validated our existing views on how firms should prepare. Read more >

Final CFTC Rules Addressing Swap Dealer - MSP Registration and Business Conduct On January 11, 2012, the CFTC approved a framework for registering swap dealers and major swap participants under Dodd-Frank and outlined their duties to swap counterparties. Swap dealers and MSPs need to evaluate their registration readiness and develop a strategy for registration and compliance with the numerous operational, disclosure and conduct requirements associated with registration. Read more >

SEC Staff Provides Guidance on the Use of Social Media by Advisers Reflecting the fact that many registered investment advisers and their personnel use social media in various forms to communicate with existing and potential clients and to promote their services, the SEC staff recently issued a National Examination Risk Alert providing suggestions for complying with the antifraud, compliance, and recordkeeping provisions of the federal securities laws. Read more >

Compliance Program Requirements for Private Equity Fund Advisers This FS Regulatory Brief describes considerations for private equity firms in creating and implementing a compliance program, and some action items that private equity firms can consider to help them in adopting a compliance program tailored to the particular compliance risks they face. Read more >

As part of our efforts to stay ahead of the most significant issues facing the banking industry, Dan Ryan, Chairman of PwC's Financial Services Regulatory Practice recently sat down for a four-part interview about the draft Volcker Rule with CNBC banking reporter, Mary Thompson. Portions of that interview aired on Squawk Box on Friday, December 16. To see Dan Ryan's Squawk Box segment on the proposed Volcker Rule, click here. If you’re interested in hearing more about the proposed Volcker Rule, you can also watch Dan's full four-part interview with Mary Thompson, from CNBC, at the following links: Part I, Part II, Part III and Part IV.

What complying with the Volcker Rule means for banks PwC's Dan Ryan discusses Volcker Rule compliance issues with American Banker Watch the video >

Banking Supervision at the Federal Reserve: The Times are a Changing The executive vice president responsible for Bank Supervision at the Federal Reserve Bank of New York (FRBNY) recently addressed the New York Bankers Association and her address focused on the changes that the FRBNY has made to enhance the supervisory process both in terms of their staffing and supervisory approach. Read more >

The Volcker Rule Proposal: Regulators Propose Restrictions on "Covered Funds" This A Closer Look describes the proposed prohibition on banking entities’ sponsoring, investing in, or having certain relationships with hedge funds or private equity funds. As proposed, the prohibition would extend to “covered funds,” including traditional hedge and private equity funds, as well as other funds, including certain foreign funds and commodity pools Read more >

The Volcker Rule Proposal: A focus on proprietary trading The proposed Volcker Rule would be the most far-reaching regulatory prohibition in US financial history by prohibiting proprietary trading not only in FDIC-insured institutions, but also in any affiliate regardless of its business or geographic location.

SEC and CFTC Adopt Final Rules Requiring Registered Advisers to Private Funds to File New Form PF The SEC and the CFTC adopted final rules as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act to require registered advisers to report on new Form PF information concerning the private funds they advise. This A Closer Look describes the final rules requiring new Form PF and their impact. Read more >

Supervisory Expectations on Capital Assessment - Stepping Up To Basel III On November 4th, Governor Daniel Tarullo delivered a speech entitled "The International Agenda for Financial Regulation" before the ABA Banking Law Committee. While Governor Tarullo touched upon a number of topics including the additional efforts to complete international and domestic reform on capital and liquidity, cross boarder resolution, reliance on wholesale funding and OTC derivatives reform, his comments on capital, particularly how the US Supervisors will deal with the interim period, are of particular note.

Regulatory realities Dan Ryan, PricewaterhouseCoopers financial services advisory practice co-leader, tells CBNC that one of the biggest issue for banks right now is uncertainty over rule making. Watch the interview

Insider trading: The risks financial service firms face today and how they can protect the franchise This webcast addresses insider trading, an area of particular regulatory focus, and will describe steps that financial services firms can take to protect themselves and address the risks of insider trading. Click here to view the archived webcast.

1 2 3 4 5 6 7 8 9 10 11 12 13 14

How PwC can help you navigate regulatory complexity

The increasingly broad range of products, services, customers, and global markets served by today's financial services firms is expanding the volume and complexity of regulatory and compliance risks facing these firms.

Additionally, in an environment where the financial, legal, and reputational consequences of non-compliance are frequently front page news, key stakeholders -- such as Boards of Directors, investors, regulators, customers, and the public in general -- are increasingly questioning the effectiveness of existing internal risk management and compliance programs.

Your need to meet the expectations of these stakeholders in today's complex business environment will require more than just the "regulator's" perspective on compliance and risk management. It will also require innovative operational approaches that are not only effective for your current needs, but are flexible to adapt to future internal and external challenges.

PwC's financial services (FS) regulatory practice is aligned with your needs.

• Our diverse regulatory knowledge (banking, broker/dealer, insurance, investment management) covers the range of complex regulatory challenges facing large financial services firms.
  
  
• We can draw on our global network of regulatory knowledge and practitioners to address regulatory requirements in major and regional financial centers.
  
  
• We have first-hand compliance and regulatory knowledge and experience - most of the members of our FS regulatory team have either previously worked for a financial services regulatory agency or have been a compliance professional at a major financial institution.
  
  
• Our services do not end with regulatory risk identification. We bring the full capabilities of PwC Advisory to address these risks through program and system design and/or process improvement.
  
  
• We do not sell generic products or "one-size fits all" solutions. We offer practical regulatory solutions that are tailored to each client's business.
  
  
• We are leaders in leveraging technology to lower the cost, and improve the quality, of large-scale transaction and customer-level compliance testing.
  
  
• We have a national reputation for thought leadership, as evidenced by our numerous publications in the financial press and technical journals, our invited presentations at national conferences, and our proactive outreach to various clients and friends of the firm to present our views on emerging regulatory challenges.