As compliance officers and IT executives in charge of compliance systems contemplate the one-year anniversary of the regulatory reform brought on by the Dodd-Frank Act, only more uncertainty and change lie ahead.
The U.S. Court of Appeals’ recent decision striking down shareholder proxy access rules mandated by Dodd-Frank, for example, ensures that rulemaking from the Securities and Exchange Commission and other agencies will only get more deliberative. The court found that the SEC did not properly explore the potential costs of its proxy access rule. Presuming the SEC will now tread more carefully, that adds to the delays and setbacks piling up, creating more uncertainty and second-guessing on the part of compliance and IT executives.
