Financial Services Regulations & Evolving Compliance Requirements in the USA - Chandra Gundlapalli

Sharing based on my Managing Director (World’s top Financial Services Fortune 300) and Global Vice President leadership (2/3 of my $400M P&L came from Financial Services used by top banks Lloyds, CAIXA, West Bromwich, etc.) and Harvard FinTech executive education.

Typical Regulations Authorities

• Federal Reserve System

• Securities and Exchange Commission (SEC)

• Commodity Futures Trading Commission (CFTC)

• Financial Crimes Enforcement Network (FinCEN)

• Internal Revenue Service (IRS)

• Office of the Comptroller of the Currency (OCC)

Typical Regulations Frameworks

• Dodd-Frank Wall Street Reform and Consumer Protection Act

• Sarbanes-Oxley Act

• Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Regulations

• Consumer Financial Protection Bureau (CFPB)

• Securities Act of 1933 and Securities Exchange Act of 1934

• Fair Credit Reporting Act (FCRA)

• Payment Card Industry Data Security Standard (PCI DSS)

• Gramm-Leach-Bliley Act (GLBA)

Potential Solutions

• Scenario 1: If you use AWS

  • [TBD, please check back soon]

• Scenario 2: For your on-premise only

  • [TBD, please check back soon]

• Scenario 3: For your hybrid cloud

  • [TBD, please check back soon]