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.
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
US farm lenders fear clearing will trip leverage ratio
Posted collateral cannot be used to offset liabilities when calculating farm credit banks' leverage ratio
Global inconsistency remains a challenge for would-be Sefs
An ongoing lack of clarity and the potential for extraterritoriality in swap execution facility rules is creating a bumpy ride towards registration, according to three putative Sefs
GRC special report: compliance costs
Sector faces compounded compliance costs
GRC special report: editor's letter
GRC interest heightens
Burns joins US SEC trading and markets
SEC appoints James Burns as deputy director in trading and markets division
The last word: Collateral and CCPs
The leading question
No improvement in porting since Lehman, CCPs say
The collapse of MF Global last year saw clearing houses struggle to port client collateral to other firms - repeating problems seen after Lehman Brothers filed for bankruptcy in 2008
Energy Risk USA: End-user exception to clearing impractical experts warn
The Commodity Futures Trading Commission’s proposed rule on the end-user exception to clearing is unworkable for many energy firms that use swaps for hedging say market experts
Energy Risk USA: CFTC to move quickly on swap definition – Berkovitz
The US Commodity Futures Trading Commission (CFTC) is very close to finalising its long-awaited definition of a swap, says CFTC general counsel Dan Berkovitz
CFTC drops 85% exchange-trading limit
Final rule scraps controversial requirement that 85% of any contract must trade on exchanges
CFTC Dodd-Frank rule-making to drag on until fourth quarter, says O’Malia
CFTC commissioner raises doubt over time line for Dodd-Frank Act – despite a proposed five-month delay
Partisan brief won't affect position limits lawsuit, says former CFTC chair
Brief filed by 17 Democrats at DC court will not influence court, says Sharon Brown-Hruska
Bill to rein in CFTC's Sef proposals runs into trouble
The voice of reason?