How the Volcker Rule is Transforming Wall Street: Deadlines, Compliance Challenges & Unintended Consequences
Financial Services Business Owner
Jim Heinzman has more than 20 years of industry experience, having held senior positions in trading, operations and compliance, as well as designing, developing, and implementing compliance technology. As a former industry consultant, as well as the Managing Director for NICE Actimize’s global compliance business, Mr. Heinzman has helped small and large investment banks across the globe develop technology-based risk management and compliance strategies. Mr. Heinzman also formerly held senior positions including Managing Director at Bear Stearns responsible for business supervision and surveillance in the Global Equities division, as well as Chief Compliance Officer of E*Offering (Investment Bank of E*Trade). Mr. Heinzman has spoken at industry conferences across the globe, and has been cited by dozens of leading publications. He has held the Series 4, 7, 24, 53, 63, and 65 securities licenses and completed the FINRA/Wharton Certified Regulatory and Compliance Professional Certificate Program (CRCP).
CFA, Senior Research Director, Capital Markets
Dushyant Shahrawat is a Senior Research Director in CEB TowerGroup’s Capital Markets practice. With over 18 years of experience in financial services, he is a Chartered Financial Analyst (CFA) and a member of the Boston Security Analysts Society. He researches strategic issues facing asset managers, hedge funds, and brokerage firms globally and advises clients about strategy, marketing, regulation, technology, and product development. In over a decade as an industry analyst, he has written 90 reports covering new investment products, electronic trading, agency brokerage, regulation, market structure, and outsourcing.
He serves on the advisory board of the US Institute, Institutional Investor’s membership group of Chief Investment Officers. He is also Director of the Advisory Board for Mercy College’s Center for Ethics and Leadership Communication.
Wall Street &Technology
Ivy Schmerken is Editor –at-Large of Wall Street &Technology Magazine. Ivy has covered Wall Street for over twenty-five years. As Editor-at-Large for Wall Street & Technology, and previously for Advanced Trading, Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on numerous topics including high frequency trading, algorithmic trading strategies, market structure, dark pools, electronic trading in fixed income, colocation in data centers, Dodd-Frank regulation and the new derivatives landscape. Ivy meets with software companies and other innovators and writes about cloud computing, OMS/EMSs and other financial technologies.
Ivy was Editor-in-Chief of WS&T from 1993 through the end of 2000 and named Editorial Director in 1999. Ivy was also the founding editor of Financial Trader, a monthly magazine for the institutional trading community. Ivy speaks at industry conferences and has been interviewed by CNN and TechTV.
Previously, Ivy was a reporter at Pensions & Investments covering institutional investing. She has also freelanced for publications including Investment Dealers’ Digest, The Daily News and American Banker. She has a Bachelor of Arts degree from Brandeis University, Waltham, Mass., with a major in English and American literature.
Wall Street has shuttered proprietary trading desks in response to the Volcker Rule, and now broker-dealers must implement major changes to IT, operations and processes around sales and trading. As firms prepare to meet the September 2014 and July 2015 deadlines, they can learn more about the widespread impact of the Volcker legislation, and what to consider when developing their compliance strategy. Join CEB TowerGroup analyst, Dushyant Shahrawat and Jim Heinzman of Sapiens for a thought-provoking web discussion on June 25th.
At this webinar you can expect to:
- Discover the unintended consequences of the Volcker Rule – lost opportunities and new technology costs
- Hear how the rule will have a sweeping impact on global economics, market structure and competition on Wall Street
- Weigh and consider business model changes that can generate alternative profit sources
- Learn tips for developing a sustainable compliance strategy and meeting deadlines
- Analyze the impact of the Rule on liquidity, volatility and market competition