As the rules pertaining to swap dealer registration under Title VII of the Dodd-Frank Wall Street Reform Act (“Dodd-Frank”) are now finalized, swap dealers (SDs) and major swap participants (MSPs) are now required to register with the SEC and/or the CFTC to continue trading on behalf of “US persons” (i.e. US-based clients). Across Wall Street, Monticello Consulting is seeing its investment banking clients undertake time-critical projects in order to make significant changes to both their business processes and technology platforms in order to comply with Dodd-Frank rules.
Read MoreBanking Merger – Trading System Conversion
In 2009 and 2010, subsequent to the merger of two large financial institutions, Monticello Consulting was called upon to manage the conversion of two of the merged institutions’ complex trading platforms. Our experience shows that with sound planning and a tested approach, the inherent complexities of conversions can be streamlined and their associated risks brought under control.
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