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.
Lack of cross-border clarity could be threat to US, says CFTC’s Wetjen
Key CFTC ruling on scope of Dodd-Frank will arrive "very, very close" to July 12 expiry of current exemptive relief, Wetjen warns - and may not be finalised before that date
NAIC warns against Federal Insurance Office 'mission creep'
FIO must not become an insurance regulator, says NAIC chief
Energy Risk Canada: Rules on derivatives dealers need work, regulator says
Alberta securities regulator acknowledges proposals on derivatives dealer registration have alarmed energy firms
Canadian regulators respond to energy firms’ concerns on derivatives
Updated OTC derivatives rules satisfy concerns of energy traders, but inconsistencies with Dodd-Frank remain
Prime brokers shun forex agency desks over CFTC rules
Agency desks warn they could be driven out of the market as a result of business conduct rules
CFTC's Chilton blasts exchanges on block thresholds
Commissioner says lowering futures block trade thresholds skirts the intent of Dodd-Frank
OpRisk Europe: CFTC must extend cross-border deadline, O'Malia says
CFTC commissioner warns lack of clear rules is "a major problem, nearly a crisis"
Year-end ‘congestion’ looms for European trade reporting
Buy-side must prepare to meet their FX reporting obligations in Europe, which will be more challenging than in the US, webinar participants warn
US public utilities take CFTC fight to Congress
Frustrated by inaction at the CFTC, public utilities champion new law on Dodd-Frank special entities threshold
ACI to develop new spot FX standards
Industry association plans to complete project by year-end to bring greater clarity to the definition of spot FX across currencies and geographies
Risk’s OTC clearing survey
In this video, Nick Sawyer talks to Risk’s editor, Duncan Wood, about clearing mandates in the US and a new Risk survey on client clearing
FX prime brokers forced to terminate double give-up trades
Prime brokers have had to cancel four-way agreements for trades involving two buy-side firms, on the basis that a no-action letter issued by the CFTC on April 30 did not cover this type of business
Volcker: Regulatory split creates ‘indecision and stalemate’
Division of financial supervision among US agencies is impeding Dodd-Frank reforms, says ex-Fed chairman
Prop trading no longer an option for dealers, says Masters
Commodity businesses must have broad client base to absorb increased regulatory costs, says JP Morgan commodities head
Trade reporting rules prove a headache for energy firms
Reporting for duty
CFTC faces ‘huge challenge’ in analysing swap data, says O'Malia
CFTC commissioner warns about agency's "data dilemma" in exclusive video interview
Japan delays cross-border rules amid US and European uncertainty
Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japanese FSA
Swaps push-out: Banks hoping for Fed fix
Will Fed fix 716?
Swap dealers struggle with Isda protocol compliance
Failure to meet deadline for earlier protocol puts banks on the back foot for compliance with next round of rules
Energy Risk USA: Energy market participants struggle with reporting
Dodd-Frank rules on swap data reporting creating a headache for energy market participants