Getting Frank About Dodd-Frank: Happy Birthday Dodd-Frank – A Two-Year Progress Report

On July 21, Dodd-Frank turns two. This is the largest financial reform Act in U.S. history, amassing 884 pages when it was finally signed in 2010, designed to enforce the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression. Dodd-Frank was implemented to address the issues that were uncovered because of the financial recession that began in 2007, including credit policies, capital requirements and a plethora of other financial reforms across banking, securities, insurance and brokerage.

In the following rapidinsight, HfS examines progress made since Dodd-Frank’s inception on July 21, 2010 and additional efforts required of the government and businesses to monitor and/or comply with the 400 rules tied to this legislation:

• What has been the impact to date on staffing levels related to Dodd-Frank?
• How much larger are Dodd-Frank-related teams expected to become?
• What is the challenge behind staffing risk and compliance positions?
• How do companies perceive the role of outsourcing in the Dodd-Frank era?
• What opportunities does Dodd-Frank offer both management consultancies, outsourcing providers and buyers?

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