Financial Risk Management

Managing Regulatory and Compliance Risk

Managing Regulatory and Compliance Risk

The disclosure and other regulatory requirements that businesses face have become increasingly stringent. For global firms, it is more and more complicated to understand and adhere to the evolving and growing requirements of both domestic and foreign regulatory bodies. Keeping pace with changing requirements demands an in-depth knowledge of foreign and domestic capital markets, the regulatory bodies that oversee them, and the investment and hedging instruments that exist in each market. NERA's experts have helped develop the regulatory frameworks for derivatives and other financial markets both in the US and in countries around the world.

NERA's expertise in market instruments, current trading practices, market rules, and financial regulation enables us to support financial services and other firms in all economic aspects of regulatory policy, including handling market manipulation investigations, defending enforcement action, providing expert testimony, and quantifying regulatory impacts and risks.

NERA has provided economic expertise to clients undergoing regulatory investigations that include allegations of market abuse as well as clients that are the subjects of enforcement actions. In such cases, NERA experts have applied the theories of financial economics in innovative ways. Our approaches to examining regulatory proceedings can use both ex-ante analysis (to help clients think about the regulatory risks facing their organization and the associated costs) and ex-post analysis (to determine the "but-for" scenario had the alleged conduct not taken place and hence the economic cost of the action). NERA has used this type of economic analysis in a range of scenarios, from helping clients understand regulatory costs to providing expert testimony.

Name Title Location Phone Email
Dr. Anne Gron Managing Director Chicago +1 312 573 2850 anne.gron@nera.com
Oksana Kitaychik Associate Director New York City +1 212 345 1094 oksana.kitaychik@nera.com
Dr. James Overdahl Affiliated Industry Expert Washington, DC +1 202 547 3035 joverdahl@deltastrat.com
Title Type Author
Expert Analysis: Financial Crisis Anniversary - Trends In Credit Crisis Settlements Published Article By Faten Sabry, Sungi Lee, and Linh Nguyen
PDVSA’s Peculiar Oct. ’22 Bond May Carry Elevated Risks Report By Timothy McKenna and Raphael Starr
Securities Class Actions: 2016 Full-Year Review and Mid-2017 Flash Update Published Article By Stefan Boettrich and Svetlana Starykh
BSA/AML Compliance and Enforcement: An Update for the Securities and Derivatives Indu... Published Article By. Sharon Brown-Hruska
Not All MBS Settlements Are Equal White Paper By Faten Sabry, Sungi Lee, and Linh Nguyen
Trends in Canadian Securities Class Actions: 2016 Update Report By Bradley A. Heys & Robert Patton
NERA Topics #23: Risk and the Cost of Risk in the Comparison of Public and Private Fi... Working Paper By Michael Spackman