SR 14-1 Resolution and Recovery Planning: Seal Software, The Flexible Contract Regulatory Platform Presentation Deck
On January 24, 2014, the Federal Reserve issued SR 14-1. The new regulation provides specific guidance about the capabilities that financial institutions will need to maintain by July 2017 to ensure effective recovery and resolution preparedness.
Practically speaking, the guidance that SR 14-1 sets forth boils down to one thing: They need to set up a reporting capability for presentation to the Fed, and fast, easy, and reliable access to critical information to feed the reporting. Much of that information resides in the tens, to hundreds of thousands of contracts that represent an organization’s transactions, relationships, obligations, opportunities, and liabilities.
Download this presentation deck for an outline of what is required and the best approach to meeting this requirements while minimizing the time and cost.