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Citi

In: Business and Management

Submitted By gmichelman
Words 343
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Ever since the financial crisis in 2008, Citigroup along with many other major players in the banking industry have and still are currently being faced with numerous changes in regulations. Such as the Dodd-Frank Wall Street Reform and Consumer Protection Act, which seeks to limit the amount of risk that customers can take on. The act also implements strict liquidity, capital, and leverage ratio regulations for all companies in the financial service industry. The impact of this law could make Citi’s capacity for pursuing business opportunities much more difficult, along with higher penalties along with higher interest expenses. The Federal Reserve has stated it will begin enforcing the law in 2014.
An important part of the Dodd-Frank Reform Act is called The Volcker Rule and has been a hot topic of debate over the past few months. The rule is meant to force strict limits on banks taking part in "proprietary trading", which means that they are betting the bank's money by speculative trading in financial instruments. Essentially the rule is trying to ban proprietary trading, which is how banks currently trade for a profit.
Basel III which was developed by the Basel Committee on Banking Supervision is a set of restrictions that aim to toughen the regulation of the banking sector. In an attempt to progress the banking sector's ability to handle the volatility arising from financial and economic problems. This impacts Citi by diverting profits to capital, away from increasing dividends, and hence will lower the company’s Return on Equity (ROE) and Return on Investment Capital (ROIC)
Citigroup as well as others in the banking industry have been hounded by legal fees and proceedings, and that does not seem like it is going to let up. In January Citi was sued for 1 Billion dollars due to collateralized debt obligations. In December of 2011 they were also sued by HTC, as…...

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