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In response to the financial crisis of 2008, global regulations were developed and passed into law. The regulations required Systemically Important Financial Institutions (SIFIs) with assets of a certain amount or greater to submit a recovery plan and a resolution plan to the FDIC and the Federal Reserve. In the United States, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). Dodd-Frank, signed into law in 2010, requires financial firms with $50 billion or greater in consolidated assets to produce and submit these plans. Dodd-Frank RRP reporting requirements offer unique challenges, but through these challenges, there also exists an opportunity to significantly strengthen your firm’s reporting and oversight infrastructure. Learn more with the seven steps outlined in this white paper. |
