Dodd-Frank Act
WHAT IS THIS? Properly known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, this controversial US legislative package enacted a host of reforms agreed by the G20 nations in the aftermath of the financial crisis, including rules on the clearing, execution and reporting of standardised swaps. It also introduced the Volcker rule ban on proprietary trading by banks, and a new way of liquidating big institutions.
OTC break-up may reverse - but only if rules mesh too
Nailing down mercury
Transatlantic tug-of-war puts European hedge funds in "impossible position"
Some funds will have to comply with Dodd-Frank and Emir simultaneously
Singapore facing substituted compliance ruling following J. Aron swap dealer registration
Move by Goldman’s commodities subsidiary could trigger CFTC ruling
Commodity position limits may make hedgers think twice
Dodd-Frank and Mifid II position limits could cause firms to withdraw from commodity derivatives
Former Citi COO John Havens resurfaces at hedge fund Napier Park
John Havens, previously chief operating officer at Citigroup, has joined hedge fund Napier Park as a partner and non-executive chairman
Back-office technology product of the year: SmartStream
The old process of reconciliation has been made newly complex by regulation. Banks want technology to solve the problem
OTC trading platform of the year: Tradeweb
Two platforms appeared to take an early lead in the first few months of the Sef regime, but one – Tradeweb – won high praise from users for its responsiveness, customer services and technology
Corporate risk manager of the year: Microsoft
The first US clearing mandates came into force last year in three separate phases. While most corporates looked to take advantage of the corporate hedging exemption, Microsoft decided right from the start to voluntarily clear everything
Vague Volcker causes confusion
Vague Volcker bemuses
In depth: Has the US succeeded in its OTC reforms?
The bulk of the Dodd-Frank reforms were implemented last year. Now it is Europe's turn. Is there anything Europe can learn from across the Atlantic?
Progress and peril: Dodd, Maijoor, Pirrong and more on the G-20 reforms
Last year was a landmark for the derivatives reforms laid out by the Group of 20 nations in 2009, with clearing, trading and reporting rules all coming online in the US. But it was also just the start of efforts to co-ordinate and align the rules…
Not too big to fail: Has US crossed bank resolution Rubicon?
Not too big to fail?
Too early to declare victory on TBTF?
Too early for TBTF call
Industry welcomes footnote 513 no-action extension
Industry sources have welcomed CFTC decision to extend no-action relief for its non-US swap dealer requirements and to consult on definitions
FI trading revenues expected to slide further – Risk.net poll
Fixed-income trading revenues will continue to fall in 2014, believe respondents to a Risk.net poll
SEC whistleblower retaliation protection ambiguous, lawyer warns
Protection for whistleblowers not clear cut
Australia to receive go-ahead for CFTC substituted compliance
Australian market will broadly be able to follow domestic rules to comply with Dodd-Frank
Senator Crapo urges Dodd-Frank tweaks and CFTC-SEC merger
United Senate?
VAB’s Winter: Collateral rules risk derivatives and liquidity
Regulating collateral
Congress could make Dodd-Frank changes in 2014, says Crapo
Democrats and Republicans finding common ground on issues including swaps push-out, says senator
Sefs battle with confirmations after CFTC relief expiry
A second no-action relief period that exempted Sefs from issuing confirmations expired on November 29, leaving forex traders unsure whether Sefs can handle the requirement
Footnote 513 exceeds CFTC's statutory brief: O'Malia
Failure to define a "significant or direct" threat to the US economy has brought regulatory overreach
More firms expect technology spending increase in 2014
Rising expectations