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.
Managing the regulatory patchwork to ensure global consistency
Managing the regulatory patchwork
Cross-border confusion between domestic clearing houses
Cross-border confusion
Tentative on G-20 timelines for OTC derivatives clearing
Tentative on G-20 timelines
Whistleblowers given more incentive in US than UK
When the whistle blows
To clear or not to clear? Corporates urged to weigh options
Despite hard-won exemptions, corporates should consider the pros and cons of clearing, according to panellists at an ACT event - but treasurers remain unconvinced
Australia waiting for international consensus on central clearing
Australia's latest consultation paper outlines only "incremental steps" to central clearing
Barney Frank: CFTC Sef rules 'excessive'
Congressman supports elements of a bill to clarify CFTC mandate on swap trading venues - but insists it should not weaken competition
Volcker compliance-responsibility aspect splits legal opinion
Volcker rule requirements for chief executive compliance responsibility called into question
New regulations could cause $7 trillion "collateral shock"
Trio of rules - on liquidity, clearing and margin for uncleared trades - will hoover up vast amounts of collateral, market participants fear
US dealers breathe easier as global uncleared margin rules take shape
The extraterritorial scope of US margin rules would have left US banks’ overseas swaps business in tatters, but an international working group looks set to deliver a reprieve by endorsing similar rules
New CFTC block trade proposals spark row over 67% threshold
Attack the block
Regulators look out for clearing dodges
Out of the clear?
LEI debate focuses on governance issues
The LEI vision
Each: CCPs seek safety in numbers
Each and everyone
Energy trading firms keen to improve ETRM reporting
Reporting progress
Despite MF Global, firms face weaker OTC safeguards
Segregated thinking
The long and winding road to Dodd-Frank
The road ahead
Esma must mirror US Treasury’s FX exemption, says EC official
Patrick Pearson, head of the European Commission unit that drafted Emir, says forex swaps and forwards must be exempt from clearing under Esma standards
Sponsored Q&A: BNY Mellon talks about the challenges and opportunities from regulation
Challenges and opportunities emanate from regulation
Gensler defends new CFTC block trade proposals
Revamped rules were not designed to mirror scope of old exemptions, CFTC chair tells FIA conference
MAS brings Singapore regulations in line with global rules on OTC derivatives
Fears that a different approach to over-the-counter derivative regulations in Asia could prompt regulatory arbitrage with Europe and North America have been laid to rest by Singapore’s February consultation on OTC derivatives, explains Cindy Leiw of Isda
Lack of clarity over buy-side derivatives reporting responsibilities
New derivatives regulation will require all derivatives trades to be reported to trade repositories – but some confusion exists over who has the responsibility to report
US banks could lose competitive edge in Europe, says EIB
US regulations on mandatory clearing and uncleared margin could put US dealers at a competitive disadvantage in Europe, says EIB