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Sarbox, Dodd-Frank and Beyond

By Scott McCleskey
April 29, 2012

When Sarbanes-Oxley was passed 10 years ago, it was difficult to envision the regulatory world we live in today. Accelerating globalization of the economy, increasing complexity of financial institutions and markets, and the global financial crisis of 2008-09 have brought us to a regulatory environment that is far broader and more complex than anyone could have foreseen at the time.

Sarbanes-Oxley (“Sarbox”) was certainly a wake-up call for a lot of people. It was the beginning of a trend that accelerated following the financial crisis. It not only represented a new set of regulations, but also triggered a realization that an entirely new level of regulation, compliance and oversight was taking hold. It set the stage for new waves of regulation, including the Fair & Accurate Credit Transactions Act, the UK Bribery Act and Dodd-Frank, to name only a few.

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