Carlson BCMEngagements · Financial market infrastructure utility
Capital Markets Under New Law
The law defined the obligation once. The capability model is what let the institution keep operating against it.
4Obligations, absolute on day one
5Asset classes
7Stages, one ruleset
2Federal commissions with direct access
Post-crisis reform required every swap, across five asset classes, to be identified, recorded, disseminated, and made available to two federal commissions in real time, with no pilot and no phase-in.
The paper follows how a market infrastructure utility translated that statute into a governed operating model, and why the same grammar now places AI.
