This site uses cookies.  By continuing to browse this site you are agreeing to our use of cookies.   Find out more.

What's Your Regulatory IQ?

September 2013

Timothy Keaney

Vice Chairman and Chief Executive Officer, Investment Services

Regulatory Reform: The Great Global Reset

To hear Tim Keaney, BNY Mellon's CEO of Investment Services, tell it, regulatory reform is making a fundamental difference to financial services globally. "It's reshaping the competitive landscape," he says. "It's reshaping our clients, where they make their money, their products, capital deployment. And it's creating huge opportunities for our industry." Tim offers the following suggestions, wherever you sit in the investments industry:

  • Raise your regulatory reform IQ – Regulatory reform is complicated and fast moving, so he recommends getting educated on the details. One way to do that is to "spend time with the organizations and market participants that are helping shape regulatory reform."
  • Understand, by geography, how regulations will impact your business – How will things be different for your business entities in different geographies and juristictions?
  • Ask questions of yourself – Do I understand the impact of regulations on my clients, my prospects, my products, my deployment of capital and my business model?

Two Themes To Obey

Tim also suggests paying attention to two main themes that have come out of regulatory reform:

  • Transparency – Transparency on regulatory readiness is important.
  • Adequacy of Collateral – You want to make sure that if a market participant fails, the transaction will be good, it will settle and tax payers and investors won't be put at risk.

And what of the small investor? Tim doesn't think the problems of small or individual investors are any different from that of large institutions. His advice: understand how the reforms will impact you, your retirement plan, your personal savings habits, your plans for the future, the institutions you do business with, their capital adequacy and their public ratings.

The key takeaway is that regulatory reform is changing the landscape. Those that understand how this will affect their respective sectors will be successful.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally.

Products and services may be provided under various brand names and in various countries by subsidiaries, affiliates, and joint ventures of The Bank of New York Mellon Corporation where authorized and regulated as required within each jurisdiction, and may include The Bank of New York Mellon, One Wall Street, New York, New York 10286, a banking corporation organized and existing pursuant to the laws of the State of New York and operating in England through its branch at One Canada Square, London E14 5AL, England. Registered in England and Wales with FC005522 and BR000818. Supervised and regulated by the New York State Department of Financial Services and the Federal Reserve. Authorized by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority of the United Kingdom (and any successor regulatory entity). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Not all products and services are offered at all locations.

Material contained within this video is intended for information purposes only. It is not intended to provide legal, tax, accounting, investment, financial or other professional advice on any matter, and is not to be used as such. You should contact your independent financial advisor prior to acting on any information mentioned in the video. This is not a financial promotion. No statement or expression is an offer or solicitation to buy or sell any products or services mentioned. The contents may not be comprehensive or up-to-date, and BNY Mellon will not be responsible for updating any information contained within this video.

To the extent this video may be deemed to be a financial promotion under non-U.S. jurisdictions, it is provided for use by professional investors only and not for onward distribution to, or to be relied upon by, retail investors.

No statement or expression is an offer or solicitation to buy or sell any products or services mentioned. This video is not intended for distribution to, or use by, any person or entity in any jurisdiction or country in which such distribution or use would be contrary to local law or regulation. Similarly, this video may not be distributed or used for the purpose of offers or solicitations in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful or not authorised, or where there would be, by virtue of such distribution, new or additional registration requirements. The contents may not be comprehensive or up-to-date, and BNY Mellon will not be responsible for updating any information contained within this video.

BNY Mellon assumes no liability whatsoever (direct or consequential or any other form of liability) for any action taken in reliance on the information contained in this video. Any unauthorized use of material contained in this video is at the user's own risk.

The views expressed herein are those of the speaker(s) only and not those of BNY Mellon or any of its subsidiaries or affiliates. They reflect conditions as of the date of the video and are subject to change.


Trademarks, service marks and logos belong to their respective owners.

© 2013 The Bank of New York Mellon Corporation. All rights reserved.