As part of the Dodd-Frank Wall Street Reform legislation, our client was required to backload live position data to the DTCC's Global Trade Repository (GTR) across several asset classes. Monticello Consulting Group helped them assemble a team to coordinate and execute the backload of all live positions from various front office systems into an internal rules validation system, and further into the industry-wide trade repository. The team developed a custom process to test, execute, and validate end-to-end results of this effort for two successive compliance dates.
Read MoreSwaps Regulation
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 MoreInternal Model and Standardized Methods
Monticello takes a look at the Internal Model Method introduced by Basel II and its advantages and drawbacks.
Read MoreNew Capital Requirements for Basel III
Monticello takes a dive into the new capital requirements outlined by Basel III, and what banks will need to do to ensure compliance by the time the new requirements go live.
Read MoreDTCC’s New Centralized Reporting Platform
In response to a mandate from the Federal Reserve Bank of New York to increase market transparency and to report all OTC derivatives through the DTCC’s new centralized reporting platform, Monticello Consulting implemented the testing governance for a top broker-dealer’s repository for OTC equity derivatives reporting. OTC notional calculations were transitioned to the DTCC’s industry standard formulae, and Monticello Consulting governed the impact testing for the broker-dealer’s credit risk, collateral management, and regulatory reporting groups.
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