COMPLIANCE

Immediately after the global financial crisis in 2008, government attitude toward financial markets, and the way in which they were being managed changed dramatically. As a result, new laws were put in place to prevent a repeat of the crisis.

In the USA, the most significant of these laws was the Dodd-Frank Wall Street Reform and Consumer Protection Act (‘‘Dodd-Frank Act’’ or ‘‘DFA’’).

INCREASED REGULATION
The Dodd-Frank Act required swap dealers and major swap participants to record pre-execution trade information including, at a minimum, records of all oral and written communications provided or received concerning quotes, solicitations, bids, offers, instructions, trading, and prices, that lead to the execution of a swap—whether communicated by telephone, voicemail, facsimile, instant messaging, chat rooms, electronic mail, mobile device, or other digital or electronic media. 

To further comply with the Dodd-Frank Act, recordings must be securely archived and easily retrievable as required.

LEADERS IN ENSURING DODD-FRANK COMPLIANCE
To ensure full compliance with the requirements of the Dodd-Frank Act, Total Solutions Communications responded with our robust ACRE™ Select audio recording solution. Our audio and data recording technology delivers on Dodd-Frank’s regulatory compliance requirements, while providing critically needed support for business processes, thus enabling enterprise-class transparency that discourage market abuse.

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RELEVANT PARTNER DOWNLOADS

• Regulatory Analysis of Dodd-Frank (PDF by NICE)
• Record Keeping and Call Recording for Dodd-Frank (PDF by Red Box Recordings)