Review of 2010
Regulation has dominated the financial landscape in 2010, with the passing of the Dodd-Frank Act and the firming up of Basel III. But market participants also had to navigate the small matter of a European sovereign crisis. Peter Madigan looks back at the events of the past year
The final month of 2009 set the tone for much of this year. Last December, the Basel Committee on Banking Supervision published comprehensive proposals on regulatory capital reform, while the US House of Representatives passed an ambitious bill to reform the over-the-counter derivatives market. These two documents were to frame much of the conversation for the whole of 2010. Seven months on, the Dodd-Frank Wall Street Reform and Consumer Protection Act – the culmination of work that started with
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