Impact of U.S. Financial Reforms on Banks and Non-Bank Institutions

The financial services sector is poised to undergo its most dramatic change in more than a generation. Although much has been written about the long-term ramifications of the 2010 U.S. financial reforms, one reality is both immediate and clear for bank executives.The rigorous oversight provisions of the new law place stringent new data collection, management, and reporting requirements on financial institutions. In this paper, HP examines the crucial role of information technology in tomorrow's more challenging and regulated financial services marketplace.