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.
Corporate statement: BroadPeak Partners
Future holds low tolerance for lost and mis-booked trades
RIP OTC: Swap futures gaining buy-side fans
RIP OTC: Swap futures gaining buy-side fans
Section 716: The do-nothing approach
The do-nothing approach
Position limits rejection lifts compliance burden
Rejection of Commodity Futures Trading Commission rule brings short-term relief and longer-term uncertainty, say consultants
Isda: understanding Dodd-Frank
Cause and effect
Counterparties abandon US public utilities over Dodd-Frank fears
Publicly owned utilities say a growing number of energy companies are refusing to trade with them ahead of the deadline for swap dealer registration
Ice move from swaps to futures unlikely to be last, says O’Malia
The decision by Ice to speed up the transition of its cleared OTC energy contracts to futures reflects regulatory uncertainty, and is likely to be replicated by other exchanges, says CFTC commissioner
Sponsored forum: Collateral management
Scope for more efficient collateral movement
Asian energy markets liquid enough to sidestep Dodd-Frank compliant firms
The extraterritorial impact of the US Dodd-Frank could be sidestepped by Asian players opting to conduct swap trades with players outside of the regulation’s orbit
The last word: Basel III
The leading question
Trade reporting pressure increases as CFTC deadlines loom
DTCC data repository has received provisional CFTC approval, just three weeks ahead of mandatory reporting for credit and rates, with forex reporting due to begin in January
CME’s new swap future uses Goldman Sachs patent
Licensing agreement could be worth up to 20% of revenues from patented contract, and is seen as an attempt by Goldman Sachs to hedge its bets as new rules threaten OTC market profits
OTC Derivatives Clearing Summit: Nearly a third of uncleared CDS are clearing-eligible
SEC study finds large portion of clearing-eligible CDS still trading bilaterally
OTC Derivatives Clearing Summit: Industry will struggle to meet clearing deadlines
Buy-side firms will struggle to finish legal and operational work ahead of US mandated clearing deadlines – and they are not the only ones, says panel
New Isda protocol may not fix business conduct bottleneck
Dealers hope to comply with new business conduct rules by amending thousands of Isda master agreements – but a standardised protocol published last month is expected to leave some clients cold
Fingerprint, aggregation fears hit swap dealer countdown
Prints and be damned
The agent-principal dilemma
The agent-principal dilemma
What will clearing cost?
What will clearing cost?
Neal Wolkoff: OTC market faces break-up blues
Break-up blues
Energy firms gear up for new data management requirements
Dealing with a data flood
Regulation to hit bank profitability - Risk survey
Dealers expect new rules to hit the profitability of their business, but fewer expect to be able to pass the costs along – and more are anticipating a big drop in OTC trading volumes