Who Takes the Lead on Dodd-Frank Compliance?

In a recent survey, 85 percent of the NeuGroup’s Foreign Exchange Managers’ Peer Group 2 said that treasury has the primary responsibility to comply with Dodd-Frank regulation, and have talked to banks and followed the news to seek more clarity on the rules. Members are generally confident they will qualify for end-user exemption but worry about additional reporting and higher transaction costs. 

Source: The NeuGroup; FXMPG2 Summer, 2011