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“We engaged Epsilon to validate our mission critical valuation and hedge accounting model. We were impressed with the level of expertise of the Epsilon team members…”

Federal Home Loan Bank
Risk Group, Vice President

April 28, 2015

Regulatory and Compliance


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)


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


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


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


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





    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.