Automating document processing for Dodd-Frank QFC recordkeeping and LIBOR transition for a global investment bank
Automating document processing for Dodd-Frank QFC recordkeeping and LIBOR transition for a global investment bank
3 PagesCASE STUDY Automating document processing for Dodd-Frank QFC recordkeeping and LIBOR transition for a global investment bank QFC RECORDKEEPING, LIBOR TRANSITION In 2015, as part of the Dodd-Frank Act, the US Treasury mandated that US financial institutions maintain detailed records about their qualified financial contracts (QFCs). The rules also required firms to be capable of providing this information to the relevant primary financial regulatory agency within 24 hours of receiving a request from the agency. To meet these new requirements, Goldman Sachs wanted a solution that enabled them to efficiently analyze their QFC portfolio of 50+ agreement types on an ongoing basis. The scope included compiling the relevant information from their entire back book of several hundr
