September 07, 2011 | Palo Alto, California: MetricStream Inc., the market leader in Enterprise-wide Governance, Risk and Compliance (GRC) solutions, conducted an informative and topical webinar on ‘The Dodd-Frank Act and its Implications’ on Wednesday, September 7, 2011. The discussion was led by Jo Ann S. Barefoot, Co-chair of Treliant Risk Advisors and former Deputy Comptroller of OCC,along with Mark Olson, also aCo-chair of Treliant Risk Advisors and former Chairman of PCAOB, as well as Keri Dawson, Vice President of Compliance Online Advisory Services at MetricStream.
About the webinar
In July 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act.Touted as the most sweeping change to financial regulation in the US since the Great Depression, the Act is poised to improve accountability and transparency in the financial system, end bailouts, protect consumers, and promote financial stability.
With an estimated 15,000 to 20,000 pages of new rules and compliance requirements, the Dodd-Frank Actwill redefine the way that banks and other financial institutions operate. Its requirements may still be evolving, but financial services companies need to prepare themselves to effectively manage the new regulations. That requires understanding the implications of the regulations, upgrading risk and regulatory compliance management capabilities, improving transparency and efficiency, optimizing capital and liquidity management, institutionalizing stress-testing, and strengthening dynamic risk reporting capabilities.
The MetricStream-hosted webinar provided key insights into achieving these objectives through a combination of best practices and technology. Led by renowned and experienced industry experts, the webinar focused on:
- Key areas of impact under the Dodd-Frank Act
- Actions to consider in response to the reform
- Building a Next Generation framework for managing regulatory compliance in banks
About the speakers
Jo Ann S. Barefoot - Co-Chair, Treliant Risk Advisors and former Deputy Comptroller of OCC
Jo Ann Barefoot is Co-Chair of Treliant Risk Advisors in Washington, D.C. She has over thirty-five years of management, strategy, and consulting experience focused on the consumer regulatory challenges facing financial companies. A former Deputy Comptroller of the Currency, partner at the global consulting firm KPMG, and president and CEO of the banking compliance firm Barefoot Marrinan& Associates, she has advised most of America's largest financial institutions, scores of community banks, and numerous non-profits and government agencies.
Prior to holding the above positions, Ms. Barefoot served on the staff of the U.S. Senate Banking Committee and of the Federal Home Loan Bank Board (now the Office of Thrift Supervision). She was also Director of Mortgage Finance for the National Association of Realtors. Ms. Barefoot is a frequent speaker and media source on financial issues; has authored several books and over 150 articles; has testified repeatedly before Congress and federal officials; and has built several organizations focused on consumer financial issues
Mark Olson - Co-Chair, Treliant Risk Advisors & Former Chairman of PCAOB
Mark Olson's distinguished career in financial services has spanned over 40 yearswith top-level executive positions in the public and private sectors. Mark joined Treliant Risk Advisors after three years as Chairman of the Public Company Accounting Oversight Board, five years as a member of the Federal Reserve Board of Governors and the Federal Open Market Committee, and after serving as staff director of the Securities Subcommittee of the U.S. Senate Committee on Banking, Housing and Urban affairs. Mark is also a past President of the American Bankers Association. Mark spent more than a decade as a partner with Ernst & Young LLP (formerly Arthur Young & Company), where he became national director of the financial services Regulatory Consulting Practice.
The deep regulatory, public policy, and consulting experience Mark brings to Treliant Risk Advisors clients is complemented by his Minnesota banker family heritage. Mark began his career at First Bank System (now U.S. Bancorp), became Legislative Director in the office of Congressman Bill Frenzel (R-MN), and was ultimately named President and CEO of Security State Bank, a community institution founded by his father in 1957.
Mark holds a BA in economics from Saint Olaf College in Minnesota and was named a Distinguished Alumnus in 2003.
Keri Dawson - Vice President of ComplianceOnline Advisory Services, MetricStream
Keri was formerly a Director with KPMG, and has over 14 years of consulting experience in audit, risk, controls and compliance. She led KPMG's Oracle GRC practice from 2009 to 2011, and has been active in the governance, risk and compliance domain for over a decade. Keri's delivery portfolio includes system implementations, internal audit and regulatory compliance services, external audits and attestation services, IT strategy and risk assessments, and performance improvement projects. She has substantial experience leading and coordinating IT-enabled transformation engagements across numerous industries, with a focus on the global consumer markets and technology sectors. She is a Certified Information Systems Auditor (CISA) and a Project Management Professional (PMP).
View the recorded webinar
Please register here: http://info.metricstream.com/Dodd-Frank-act-implications_07sep11.html