The year 2008 will forever be remembered in U.S. financial history as a transformational shift in terms of how the American political establishment views the financial services industry. Its long-term implications are likely to have a negative impact on consumers, investors, economic growth, and jobs in the new regulatory reality unless that relationship is realigned with greater balance in mind for our economy. In Managing to the New Regulatory Reality, Gregory Wilson shows financial firms how to step up the way they manage their unique regulatory risks and new supervisory environment so that they can continue to support their ongoing competitive strategies and business models for serving customers and rewarding investors—and sustain profitability through all of the new red tape.

Wilson details the actions of the U.S. Congress to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, showing how the legislative process was just as important as the legislative substance. He also explains the importance of the new international regulatory actions of the Group of Twenty to global financial firms. He then offers ten universal lessons to help executives, directors, and others be better prepared for the future as the new regulatory reality unfolds over the decade. These manageable lessons include advice on such issues as executive compensation and consumer protection in the new political reality, the value of good governance, the importance of working with regulators to build trust-based relationships, stepping up public policy advocacy to ensure better regulatory outcomes, and other critical issues.

To be commercially successful in the new regulatory reality of the foreseeable future, management and boards will need to re-learn and fully understand the universally applicable lessons coming out of this crisis before the next crisis hits. With Managing to the New Regulatory Reality as their guide, financial institutions can make the new policies and regulations work for them—not against them.

Praise for MANAGING TO THE NEW REGULATORY REALITY

“This is the first book to go beyond what happened and why and into today’s most pressing question for the industry, which is ‘how do we adapt to and thrive in the post-crisis regulatory environment?’ “―Robert P. Kelly, Chairman and CEO, BNY Mellon

“This book provides a broad and easy-to-understand synopsis of the Dodd-Frank Act coupled with useful strategies, tactics, suggestions, and ten very valuable lessons for winning, coping, and, indeed, succeeding in this radically new and challenging regulatory environment.”―Dick Kovacevich, retired chairman and CEO, Wells Fargo and Company

“Drawing on his detailed knowledge and high-level experience, Greg Wilson provides clear guidance and actionable advice to help companies and their officers and directors succeed in the new regulatory environment.”―J. Michael Shepherd, Chairman and Chief Executive Officer, Bank of the West

“This is an absolutely critical must-read for financial services executives. It’s the only book of its kind that provides a granular ‘how-to’ guide to managing our businesses in the new regulatory environment. An excellent read!”―Norman R. Sorensen, President and CEO, Principal International, Inc.

“This book could only have been written by someone who has a thorough understanding of the political process and financial markets and institutions. Particularly notable is that it describes the impact of Dodd-Frank and identifies ten clear lessons for bank management. This book should be required reading for today’s financial managers.”―Mark Olson, Co-Chairman, Treliant Risk Advisors; former governor, Federal Reserve System; former chairman, Public Company Accounting Oversight Board

“In describing the ‘new regulatory reality,’ Greg Wilson does a masterful job in describing how we got here, where we are, and where we are going. More importantly, Mr. Wilson offers a clear, practical guide for executives to master the new world of regulatory reality.”―Steve Bartlett, President and CEO, The Financial Services Roundtable