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Managing to the New Regulatory Reality – Doing Business under the Dodd-Frank Act

Now more than ever, navigating the new U.S. and global financial regulations is paramount for the survival of many institutions. In this new book, Gregory Wilson provides a roadmap to help companies fundamentally alter the way they compete and the way they serve their customers, as well as manage the unique political and regulatory risks that come along with more than 250 of the government’s new rules in the Dodd-Frank Act.
The author examines the immediate reactions of policy makers and regulators as the crisis unfolded in 2008 in the United States and around the world, and analyzes the impact and fall-out of the legislation proposed by the Obama Administration and enacted by the U.S. Congress in 2010. He offers ten practical, common sense lessons primarily for financial institution managements and boards, showing how financial services CEOs, senior executives, and their boards of directors can be winners, by managing their unique risks in this new regulatory reality more proactively and more effectively than in the past.

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DANGEROUS Markets: Managing in Financial Crises

The authors draw on their work with McKinsey & Company in assisting corporate and public officials to overcome the effects of financial crises in more than a dozen countries, including the United States, Thailand, Korea, Indonesia, Jamaica, Mexico, Ecuador, Colombia, and Argentina. Their approach, developed on the front lines of managing through financial crises, walks corporate executives and investors through the five crucial steps to survival and success.
“In short,” say Barton, Newell, and Wilson, “financial crises are simply too important and too costly to shareholders and societies to leave unmanaged.” Dangerous Markets is both a blueprint for surviving and flourishing in crises as well as a call to action for both corporate and government officials to reform their financial systems before devastating problems hit.

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Testimonials for “Managing to the New Regulatory Reality”

Managing to the New Regulatory Reality Doing Business Under the Dodd-Frank Act

"Every bank CEO ought to read Greg Wilson's newly published book."

    Barbara A. Rehm, Editor at Large, American Banker, March 17, 2011.

“This is the first book to go beyond what happened and why, and into today’s most pressing question for the industry, which is ‘how do we adapt to and thrive in the post-crisis environment?’”

    Robert P. Kelly, Chairman and CEO, BNY Mellon

“This book provides a broad and easy to understand synopsis of the Dodd-Frank Act coupled with useful strategies, tactics, suggestions, and 10 very valuable lessons for winning, copping, and, indeed, succeeding in this radically new and challenging regulatory environment.”

    Dick Kovacevich, Retired Chairman and CEO, Wells Fargo and Company

“Drawing on his detailed knowledge and high-level experience, Greg Wilson provides clear guidance and actionable advice to help companies and their officers and directors succeed in the new regulatory environment.”

    J. Michael Shepherd, Chairman and CEO, BankWest

“This is an absolutely critical ‘must read’ for financial services executives. Greg Wilson’s book is the only one of its kind which provides a granular ‘how to’ guide to managing our businesses in the new regulatory environment. An excellent read!”

    Norman R. Sorensen, President and CEO, Principal International, Inc. and Principal Financial Group

“In describing the ‘new regulatory reality,’ Greg Wilson does a masterful job in describing how we got here, where we are, and where we are going.

“More importantly, Mr. Wilson offers a clear, practical guide for executives to master the new world of regulatory reality.

“Greg Wilson lived through the recent crisis and now offers us all a blueprint for avoiding the next one.”

    Hon. Steve Bartlett,
    President and CEO,The Financial Services Roundtable

“There have been a number of books written about the recent financial crisis that inevitably led to the introduction and passage of the Dodd-Frank Bill. But this is the first book I have read that takes all the critical events in sequence, describes their impact, explains how that impact contributed to the development of this legislation, then provides an analysis of the bill.

“The book could only have been written by someone with an in-depth understanding of the political process and a thorough understanding of financial markets and financial institutions. Greg is one of a very small number of people who has a sufficient level of understanding of all three to be able to put them together as he has done.

“Two characteristics of the book are particularly notable. First, though I have read many summaries of the Dodd-Frank Bill, most of the summaries repeat the bill’s language or provisions. By contrast, Greg spends little effort reciting the language in the statue and instead explains the impact of those provisions. To anyone other than a banking lawyer, this approach offers a far better means of understanding the content of the bill.

“The second characteristic that I find notable is the ten clear lessons he outlines for managing in a post Dodd-Frank environment. It strikes me that ten or fifteen years ago each of the ten lessons would have been described as the “soft issues” of management rather than the “hard issues” of financial and product line management. In thinking about that I reached the conclusion that the prior “hard issues” are no less important than in prior years, but that management expectations are now higher as these formerly “soft issues” are at least as critical to success these days as are the more traditional success factors.

“It is clear that Greg sees the Dodd-Frank Bill as the culmination of a series of events that, taken together, are a critical milestone in financial services. I agree with that assessment, and therefore suggest that this book should be required reading for any practitioner in this business.”

    Mark Olson, Co-Chairman, Treliant Risk Advisors former Governor, Federal Reserve System, Former Chairman, Public Company Accounting Oversight Board