Patomak Global Partners

Today's Patomak Insight details the OCC's finalized revisions to Recovery Planning Guidelines, which substantively change the scope and expectations for recovery plans. Read more about the changes and the actions banks need to take in the Insight below, written by Patomak's Heather Espinosa. #OCC #banking #recoveryplanning #testing #bankingnews #bankregulation #financialregulation #regulatorystrategy #compliance #riskmanagement

Welcome to the team, Jon Kroeper! Mr. Kroeper brings more than three decades of regulatory and market structure experience in equity and fixed income products in roles at the SEC, FINRA, and in the private sector. He has expertise in a broad range of regulatory areas, including: market manipulation and market abuse; SEC and SRO rules regarding customer order handling and best execution; compliance with market conduct rules applicable across exchange and over-the-counter markets; and order and trade regulatory reporting systems.

Patomak’s Robert G. was quoted in Foreign Policy last week discussing calls for de-dollarization at the recent BRICS summit in Russia. He noted: “There is a difference between increased use of the renminbi for payments and actual de-dollarization.” Read more at the link below. #dedollarization #BRICS #USDollar #financenews #foreignpolicy

Welcome to the team, Michael L.! Prior to joining Patomak, Mr. Lucia held various positions on Capitol Hill, most recently serving as Staff Director to the House Financial Services Committee’s Subcommittee on Capital Markets. In that capacity, he managed the Committee’s securities and capital markets portfolio, including its capital formation agenda and its oversight of the Securities and Exchange Commission.

Patomak's Paul Atkins will participate in Bulls, Bears, and Blockchain? on X Spaces. Tune in on X at 11:30 AM ET today!

Patomak's Laura Magyar will speak at the National Society of Compliance Professionals Conference in Dallas on 28 October. Laura's talk will focus on off-channel communications, specifically for small- to medium-sized firms. Learn more at the link below. #NSCP #offchannelcommunications #compliance #conference

Today's Patomak Insight details the CFTC's crackdown on position limit violations and the steps that swap dealers and any firm transacting in the commodities space must take to remain compliant. Read more in the insight below, written by Patomak's Tim Brown and Robert Lulgjuraj. #CFTC #positionlimits #commodities #swapdealers #financialregulation #regulatoryconsulting #complianceconsultant

Welcome to the team, Petar Lovric! Mr. Lovric advises clients on a wide range of regulatory compliance, operations, and risk management matters. He has extensive experience in trade lifecycle and risk management, business conduct, operational process improvement, data governance, and controls design. Mr. Lovric has worked with financial industry clients – foreign and domestic – across various functional areas, including conducting assessments, designing target models, and implementing capabilities for derivatives and cash securities businesses.

An insightful article written by Patomak's Jason Cave was published in The Financial Brand today explaining the critical issues and considerations surrounding mortgage financing and housing policy. Read the full story at the link below. #mortgages #nonbankFI #fanniemae #freddiemac #housing #housingpolicy #banking

Congratulations to Kathy Casey, Senior Advisor at Patomak, on her recent appointment to the Governing Board of the Center for Audit Quality! Kathy brings decades of financial policy experience, having previously served as an SEC Commissioner from 2006 to 2011, where she acted as the SEC’s principal representative in multilateral and bilateral regulatory dialogues, the G-20 Financial Stability Board, and the IOSCO. At Patomak, Kathy focuses on financial markets policy, regulatory compliance and risk management, corporate governance, international regulatory developments, and enforcement. “I’m pleased to join CAQ’s Governing Board and support their important efforts to advance the CAQ’s public interest objectives of enhancing the quality, credibility and transparency of public company audits,” said Kathy. “I look forward to working with the Board to address topics vital to audit quality and the future of the profession.” Read more at the link below.