New York Federal Building

The global financial crisis that began in 2007 and that brought the demise of such venerable institutions as Lehman Brothers and Bear Stearns has without question given rise to the most tumultuous change in the banking industry since the Great Depression.  Government intervention, both in the United States and globally, is reshaping the landscape in the form of new regulations, new rules for transacting, and risk management overhaul that will drive boardroom decision-making at the global banks now and for years to come.  The Dodd-Frank Wall Street Reform and Consumer Protection Act is driving complex change that will require bank leadership to choose their partners carefully in order to undertake strategic initiatives in reform areas such as:

  • Tightening of regulation and reporting requirements for institutions seen as a representing systemic risk to the financial system and the overall economy
  • “Too big to fail” regulations that are poised to challenge recent bank tie-ups made during the financial crisis and the “Universal Bank” concept that permeated the strategic plans of large, global banks in the last decade
  • The “Volcker Rule” limiting a banking institution from engaging in many forms of proprietary trading and investing in or owning hedge funds and private equity funds
  • Migration of over-the-counter swaps to trade through clearinghouses and swap execution facilities (SEF)

Monticello Consulting is positioned to be that trusted partner, assisting our clients with these complex change initiatives. 

In reponse to the financial crisis, Monticello has been on the ground with our clients assisting in such critical areas as:

  • Post-Merger integration of business processes, technology platforms, and organizational functions
  • Management of counterparty account migrations
  • Implementation of testing governance for large-scale conversions in support of "Business Day 1" activities
  • Legal entity & new product build-outs across the organization including the front office, accounting & control and back office functions
  • Business optimization through location strategy analysis & off-shoring of non-core functions to global centers of excellence, aligning the organization's global footprint to meet mandated cost structure targets

 

Monticello Consulting Group employs a combination of experience and methodology to drive significant bottom-line results for our banking clients.  Within the securities trading organization, we have a track record of delivery in the following areas:

  • Sales & Trading
  • Middle Office / Accounting & Control
  • Finance
  • Operations
  • Market & Credit Risk
  • Collateral Management
  • Regulatory Reporting
  • Technology
  • Change Management

Whether in response to financial reform or in pursuit of opportunities to capitalize on new growth markets, we believe our high-touch delivery model makes Monticello Consulting Group stand apart from other advisory firms.  Contact us today to discuss where we can help with your most pressing change initiatives.