Seems like Dodd-Frank rules are changing almost as soon as they become law lately…
The SEC extended the registration deadline for certain hedge funds while Reuters reported theFDIC clarified previously vague executive compensation “clawback” p... that allow for recovery of up to 2 years worth of past compensation from executives at failed financial institutions.
With the most widely read “brief” summary of Dodd-Frank from Davis Polk coming in at 117 pages of text, is it any wonder that the Economist ran a feature article on the now white hot Management Consulting industry? With things changing so quickly, it’s no wonder outside expertise is being sought.
Concordantly, we expect to see continued hiring of subject matter experts, business analysts and project managers in support of Dodd-Frank-related initiatives within Human Resources, Operations and Compliance/Regulatory within Banking, Insurance, Asset Management and Capital Markets, and in particular with Management Consulting firms and other vendors supporting those efforts.