SunGard announced the launch of a regulatory and risk management consulting service aimed at helping compliance officers navigate the new requirements imposed on Wall Street in the aftermath of the Dodd-Frank bill.
SunGard said the new consulting practice, which is housed within its wealth management division, is designed to allow firms to better manage risk and boost transparency in an environment where compliance officers must provide quick responses to inquiries from regulators.
"Within the coming years, financial services institutions will continue to face a multitude of regulatory and accounting changes," SunGard executive Melissa Cullen said in a statement. "At the same time, they will need to control systemic, counterparty and financial risk, and increase efficiencies and service."
