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.
US energy firms cheer CFTC decisions on ‘swap’ definition, end-user exception
The US energy industry scores a victory as the Commodity Futures Trading Commission finalises two key pieces of Dodd-Frank derivatives regulation, modifying its original proposals to ease the compliance burden on firms that operate in physical energy…
CFTC's Chilton: accept Volcker rule or get out of the way
Chilton warns banks to either co-operate with regulators on the Volcker rule or get out of its way, as it is definitely happening
Editor's letter – getting the bit in the middle right
Editor's letter – getting the middle-office systems right
Cost-benefit defeat weighing on "gun-shy" SEC
Slowly but surely
JP Morgan loss highlights lack of risk experts on bank committees
A committed committee?
Bloomberg: Approaching the terminal
Approaching the terminal
CFTC relaxes cross-border rules after commissioner backlash
Chairman Gensler is understood to have relented on ‘substituted compliance’ in order to pass the proposed guidance
CFTC’s Chilton: Libor manipulation attempts ‘serious and significant’
CFTC orders Barclays to pay a $200 million penalty. Commissioner Bart Chilton says agency is "vigorously looking at individuals"
Extraterritoriality remains a major issue, says FSA’s Lawton
Resolving issues around the extraterritorial application of derivatives regulation is a major outstanding issue that needs to be addressed, says FSA’s acting director of markets
Sponsored webinar: MetricStream
Improving risk governance throughout the organisation
SEC names rating agency overseer
Credit rating agency oversight starts today
Volcker rule could hurt liquidity in FX spot market, participants warn
Foreign exchange swaps and forwards should be exempted from the Dodd-Frank ban on prop trading, or else liquidity in the spot market could suffer, industry participants say
Fallout from JP Morgan loss will hit energy markets: IEA
JP Morgan’s recent $2 billion trading loss could toughen a trio of Dodd-Frank Act rules, potentially hurting energy markets, the International Energy Agency says
US senator calls for VAR overhaul
Speaking to Risk after JP Morgan boss testifies on $2 billion loss, US Senate banking committee member Kay Hagan says risk modelling and reporting need overhaul
OpRisk Europe: No race to the bottom on derivatives, says CFTC’s Chilton
CFTC due to release interpretive guidance note within a week, which aims to clarify extraterritorial application of its rules
OpRisk Europe: Harmonised rules must preserve flexibility, panellists say
Speakers at OpRisk Europe conference call for balance between harmonisation and national freedom
US and EU banks face different Basel III floors
Regulators propose overhaul of US capital framework in long-awaited response to Basel III and Basel 2.5 - but there are differences to the European version of the rules
The club no-one wants to join: swap dealer rules remain unclear
A club no-one wants to join
Political risk
In depth: political risk introduction
Dodd-Frank in danger
Dodd-Frank: a tough nut to crack
Nera: How the banking backlash began
Banking backlash