Governance, Compliance and Supervision in the Capital Markets

ISBN-13: 9781119380658 / Angielski / Twarda / 2018 / 176 str.

Swammy, Sarah

Opis

Financial Services/banks are under heavy regulatory scrutiny and have to implement comprehensive controls and governance to comply with new rules and regulations that are changing how these firms conduct business. Firms are looking for practical guidance on governance frameworks and balancing compliance and supervisory requirements with getting business done. With the goal of demystifying the capital markets' regulatory environment and providing a practical approach to meeting these requirements and the required governance framework, the book will be a flexible road map that readers may build upon as they move throughout their career. Both a broad overview and in-depth detail around the application of governance, compliance, and supervision of various rules and regulations, the book will cover:

• Governance, the effect of -Tone at the Top- at all levels of the organization
• The regulatory scheme applicable to broker dealers, banks, and investment advisers.
• The various compliance positions and roles within a financial services organization.
• The regulatory exam process.
• The role of compliance and supervision within a financial services organization.
• The difference between compliance and supervision and the importance of maintaining a clear distinctions between the two functions.
• An overview of the risk of failing to reasonably supervise a firm and or individual and the consequences to that firm.

Spis treści

Preface vi Acknowledgments vii About the Authors ix CHAPTER 1 Capital Markets Participants, Products, and Functions 1 CHAPTER 2 How the Financial Crisis Reshaped the Industry 23 CHAPTER 3 Governance 33 CHAPTER 4 Overview: Capital Markets Compliance 57 CHAPTER 5 Overview: Supervision 89 CHAPTER 6 Central Role of Finance and Operations 99 Ian J. Combs, Esq. CHAPTER 7 Cyber Risk Role in Governance Model and Compliance Framework 129 Alexander Abramov About the Companion Website 157 Index 159

O autorze

SARAH SWAMMY is a Senior Vice President and Chief Operating Officer for the Portfolio Solutions businesses both in State Street Global Market, LLC, a registered broker–dealer subsidiary of State Street Bank and Trust, and in State Street Bank and Trust. She is also a member of the Global Markets Business Risk Committee. Sarah joined State Street from BNY Mellon where she held several leadership positions including Business Manager and Head of Supervision for BNY Mellon Capital Markets, LLC, Chief Administrative Officer for BNY Mellon Global Markets, and principal overseeing the sales and trading businesses. Sarah has held compliance positions at Deutsche Bank Securities, Inc., CSFB, and Barclays Capital, Inc.

MICHAEL MCMASTER is a Managing Director and Chief Compliance Officer for BNY Mellon Capital Markets, LLC, a broker–dealer affiliate of BNY Mellon, Chief Compliance Officer for BNY Mellon′s Broker Dealer Services Division and Head of BNY Mellon′s Shared Services Compliance Group.

Blurb

The definitive guide to capital markets regulatory compliance

Banks and financial services firms currently are under heavy regulatory scrutiny and must implement comprehensive controls to comply with new rules that are changing the way they conduct business. This book provides a way forward, with clear, actionable guidance that strengthens governance at all levels. Throughout, the authors take care to balance supervisory and compliance requirements against the need to do business.

From regulatory schemes to individual roles and responsibilities, Governance, Compliance, and Supervision in the Capital Markets:

• Presents a coherent framework for firms seeking a practical approach to meeting the latest requirements
• Provides an overview of governance, compliance, and supervision
• Highlights the most pressing issues in today′s financial services organizations
• Delivers detailed guidance on application with examples of real–world implementation
• Includes a companion website with checklists and other valuable tools, as well as sample exercises that reinforce understanding and help facilitate implementation

Demystifying today′s complex regulatory environment and providing a practical, accessible, readily adaptable roadmap for compliance, Governance, Compliance, and Supervision in the Capital Markets is a must–have "tool of the trade" for all financial institutions and finance professionals.