Report On The Implementation Of Sec Organizational Reform Recommendations - U.s. Securities And Exchange Comission - 2011 Page 17
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25U.S. S
E
C
– M
A
P
(MAP)
ECURITIES AND
XCHANGE
OMMISSION
ISSION
DVANCEMENT
ROGRAM
R
I
SEC O
R
R
EPORT ON THE
MPLEMENTATION OF
RGANIZATIONAL
EFORM
ECOMMENDATIONS
regional location approach for the SEC, improving regional operational functions, and improving
mission effectiveness and efficiency of the OCIE/National Exam Program (NEP) and Enforcement
programs.
The Location subcommittee has begun developing evaluation criteria, identifying potential
alternative structures, and gathering pertinent data to analyze the regional model alternatives.
The Regional Operations subcommittee is currently interviewing regional office and headquarters
leadership to better define respective roles and responsibilities, and to identify similarities and
differences of operational functions across regional offices.
The Enforcement subcommittee is considering success criteria, lessons learned from the previous
large-scale restructuring initiatives in OCIE and Enforcement, resource efficiency, policy or
procedural streamlining opportunities and alternative structural models.
The OCIE subcommittee is analyzing home and regional office roles and responsibilities and has
developed a draft framework for analysis.
Analysis has commenced within the workstream and should be complete in late Fall 2011, with
recommendations and implementation plans to follow.
Workstream 2C - Seek Congressional flexibility for offices mandated by the Dodd-Frank Act
The Dodd-Frank Act requires that the SEC create four new offices that report directly to the
Chairman, including the Office of Municipal Securities (OMS), the Office of Credit Ratings (OCR),
the Office of the Investor Advocate (OIAD), and the Office of Minority and Women Inclusion
(OMWI). As described in the BCG study, the creation of these offices and their proximity to the
Office of the Chairman was primarily intended to increase the visibility of the functions that they
contain, enhancing the degree of focus and resources accorded to them.
The BCG study recommended that the SEC seek the flexibility from Congress to design its
organization structure in a manner consistent with the activities required to be performed by the
Dodd-Frank-mandated offices, while avoiding unnecessary duplication. Doing so would allow the
SEC to reduce organizational complexity, maximize flexibility in organizational redesign efforts,
improve operational performance, and locate efficiencies.
P
17
AGE
ADVERTISEMENT
0 votes
Related Articles
Related forms
Fourth Report On The Implementation Of Sec Organizational Reform Recommendations - U.s. Securities And Exchange Commission - 2013
Legal
Form Id - Uniform Application For Access Codes To File On Edgar - U.s. Securities And Exchange Commission
Legal
Form Id - Uniform Application For Access Codes To File On Edgar - U.s. Securities And Exchange Commission Washington, Dc
Business
Form Hud-9886 - Authorization For The Release Of Information / Privacy Act Notice - U.s. Department Of Housing And Urban Development
Legal
Related Categories
Parent category: Legal