“…We engaged Epsilon to be our strategic partner…. I am happy to say that Epsilon met or exceeded our expectations on this project. We successfully completed the RFP project and selected a system that was right for our business…”

FHLB
Chief Financial Officer

Regulatory and Compliance

REGULATORY AND COMPLIANCE CONSULTING

BCBS 239

BCBS 239, is the Basel Committee’s framework of guiding principles for enterprise risk data aggregation and risk reporting, is intended to set a global best practice benchmark for how banks manage and report risk. BCBS 239 has broad implications for banks that impact their target operating models, especially the convergence of finance, risk and treasury, to agree on streamlined firm-wide policies across silos, processes and technology for risk management, controls, audits, risk data aggregation, accuracy, traceability and regulatory reporting.Learn More

Dodd Frank (DFA)

INTRODUCTION

The Dodd-Frank Act was signed into law in July 2010. Proponents contend its major provisions—monitoring systemic risk, limiting bank proprietary trading (the “Volcker rule”), placing new regulations on derivatives, and protecting consumers—will help prevent another financial crisis. Detractors, contend that the reforms will imperil future economic growth by over-constraining the financial system. Learn More

Volcker Rule

OVERVIEW

The Volcker rule limits banks from speculative Proprietary Trading including High Frequency Algorithmic Trading. The rule reduces conflict of interest, and requires transparency by disclosing any bank relationships with Hedge Funds. The total of all of the banking entity’s interests in hedge funds or private equity funds cannot exceed 3% of the Tier 1 capital of the banking entity. Learn More

FAS 133 Derivative Accounting

FAS 133 – ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING

This RULE establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, (collectively referred to as derivatives) and for hedging activities. It requires that an entity recognize all derivatives as either assets or liabilities in the statement of financial position and measure those instruments at fair value. If certain conditions are met, a derivative may be specifically designated as (a) a hedge of the exposure to changes in the fair value of a recognized asset or liability or an unrecognized firm commitment, (b) a hedge of the exposure to variable cash flows of a forecasted transaction, or (c) a hedge of the foreign currency exposure of a net investment in a foreign operation, an unrecognized firm commitment, an available-for-sale security, or a foreign-currency-denominated forecasted transaction. Learn More

FAS-157 Fair Value

FAS 157 – FAIR VALUE MEASUREMENT

FASB 157 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The requirement of mark-to-market and fair value accounting has been in place for years and is only one part of the broader context of fair value accounting. Learn More

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New York, NY 10004

 

(347) 770-1748

(212) 931-0572

 


 

Careers

 

If you are interested in joining Epsilon’s financial consulting firm in New York City, please visit our Careers page to view jobs and submit a resume for consideration. See our service areas page for specific locations we provide consultations in.