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.
$20 million capital hike for major swap participants
All MSPs and swap dealers to hold minimum $20 million under CFTC proposals
Splits emerge in CFTC and SEC swap product definition rules
Agencies largely aligned, but conflicts remain after 10-month negotiation
CFTC regulators favour extending Dodd-Frank comment period
CFTC cost and timing concerns continue; FTRs and commodity forwards exempted from swaps definition
Volcker rule still months away as CFTC prepares latest Dodd-Frank proposals
Prop trading ban delayed by inter-agency discussions and implementation challenges
Deutsche restructures Taunus to avoid unnecessary capital movement
Despite reports the German Bank is seeking to sidestep new US capital rules, the restructure of Taunus will help Deustche Bank put capital to better use
Control frameworks need top-down approach
Control chaos
Video: Industry executives consider future of derivatives market
Isda's Conrad Voldstad, along with Credit Suisse's Eraj Shirvani and Stephen O'Connor of Morgan Stanley discuss the near future for the derivatives industry
CFTC and SEC could diverge on rules, says Schapiro
SEC chair says Dodd-Frank Act should be adapted to fit markets
Risk managers not convinced Basel III will help manage risk
Almost half of Fitch survey respondents say lack of regulatory clarity is the biggest issue facing the risk management industry
US debt vote causing credit market uncertainty, says LGIMA
Legal & General Investment Management America’s head of fixed income, John Bender, says decision on whether to raise debt ceiling could have wider implications
Non-US sovereigns should collateralise swaps, say US bank regulators
Progress towards sovereign collateral posting has been slow. Now, US regulators are proposing to make it mandatory - for all non-US entities
Risk data quality an issue for firms, finds survey
Firms waiting for clarity on regulatory requirements concerning risk data quality, but delay is a mistake, say panellists at a London seminar, hosted by think-tank JWG.
Dealers fear Sef rules will hurt OTC market liquidity
Customers will lose out if clearing-eligible trades are forced into open competition, industry warns
Widespread unease over planned position limits rules
Reservations remain among firms involved in commodity trading about a new position limits regime that could be implemented under the Dodd-Frank Wall Street Reform Act, while support continues from anti-speculation campaigners
Position limits deluge continues
Group bombards CFTC with comments on Dodd-Frank position limits; final rule delay expected; quantity unlikely to trump quality says expert
Special report: Dodd-Frank Act
Special report: Dodd-Frank Act
Special report – Weighing up Dodd-Frank
What Dodd-Frank means to us: industry participants
Sponsored Q&A: SunGard
SunGard pre-empts Dodd-Frank dilemmas
Q&A: Gary Germeroth, chief risk officer at Calpine
Power resurgence
Editor's letter: April 2011
Editor's letter: April 2011
Risk Europe: Dodd-Frank rating requirement has competitive implications under Basel III
The requirement under the Dodd-Frank Act to eliminate any reliance on external credit ratings could put US banks at a competitive disadvantage under Basel III, says the Basel Committee’s Stefan Walter
Funding and pricing OTC derivatives proves treacherous in Australia
Treacherous path ahead
JWG risk data survey shows firms slow to respond to regulation
Survey from London-based think tank shows firms not yet ready to meet the data challenge posed by new financial regulation
