signs the Dodd-Frank Act into law
Dodd-Frank Act was passed in 2010 it represented a historic
shift in financial regulations, not only for the US, but
The attempt to
repair the financial system following the 2008 crash included
extraordinary measures that changed how financial institutions
All of the
US’s financial regulators have played a part in
drafting some regulation that stems from it. The inter-agency
rule making has been a slow and drawn out process resulting in
many lengthy and unclear regulations. A prime example is the
Volcker Rule, which took three years to complete and has a 892
The extent to
which Dodd-Frank has affected global regulators and foreign
banks is still unclear as rules continue to develop. Agreements
between regulators have helped ease the burden in some
instances, but restrictive over the counter swap rules and high
liquidity ratios still impart a global burden.
regulation and its effects continue to evolve
IFLR’s archive will offer links to coverage of the
Dodd-Frank's push-out provision: the next
Banks look at
steps to restructure or sell off their commodity arms in order
to prepare for a Dodd-Frank rule requiring them to
'push-out’ elements of their derivatives
The winners and losers under US Basel III
Reserve's June 12 proposal of rules implementing Basel III
create a dubious future for US banks regarding Tier 1
contingent convertible capital (Cocos), a battle on risk
weightings, and capital raising problems for small banks
Fed's Basel III: global harmonisation wins
Reserve's proposed rules implementing Basel III represent the
biggest post-crisis step towards a harmonised global capital
framework. US lawyers have welcomed the move
What prudential rules mean for foreign banks in
version of Section 165 increases mandates for large foreign
banks in the US to set up intermediate holding companies.
Holistic medicine needed to revive
disclosure requirements and higher regulatory standards have
dampened the securitisation market.
Former SEC counsel: whistleblower programme
drafted in Dodd- Frank create problems for implementation.
What recent Dodd-Frank guidance signals for
definition of 'commodity pool' raises issues for financial
Banks confident over innovative hybrids
In 2010 despite
uncertainty over the future of regulatory capital rules, banks
were confident innovative hybrids would provide core capital
for financial institutions.
Obama’s signature is just the
In July 2010
President Obama signed the Dodd-Frank act into law
Bank liquidity ratio clashes with shareholder
The new liquidity ratio
should lower banks risk exposure but shareholder demand for
strong returns could lead to a clash of
The Volcker Rule – a many-headed
implementation of the Volcker Rule, banks discovered that they
faced a number of surprising challenges when structuring their
Volcker’s biggest losers
and foreign banks face an uphill battle in Volcker
The Volcker Rule
of the Volcker Rule ensures it will effect nearly every
Volcker Rule: the market reacts
version of the rule is met with relief following a long wait
and concerns it would be more stringent.
Volcker calls for faster rulemaking
The rule has
been an example of how inter agency rule making can stall the
Why securitisers could be swept into the Volcker
predictions of the regulation raised concern it could restrict
all securitisation activity.
TITLE VII: OTC SWAPS
The futurisation of swaps: what’s
regulatory burdens on swaps leaves them looking more like
futures and sparks a re-examination of how the instrument is
Structuring swaps in line with US anti-evasion
do’s and don’ts of swap compliance
Dodd-Frank Act: Title VII - reaching out on
extraterritorial reach of swap regulation raises problems for
traders and regulators.
Bumps on the EU/US Path Forward
Dodd-Frank, the CFTC is authorised to exempt comparably
regulated foreign derivative clearing organisations, but they
have to decide what is comparable
US/EU swaps Path Forward: the outstanding
US and EU reach
an agreement to scales back the extraterritorial reach of CFTC
rules regarding swap trading.
ISDA derivatives protocol faces implementation
Adding new clauses into derivatives
contract could be the last step to addressing
'too-big-to-fail’, but nationally focused
legislation is now enough to address international swaps.
US derivatives regulation consolidates clearing
US regulation to expand the number of
dealers in the derivative trading space is backfiring and
consolidating clearing space.
What European banks can learn from US stress
regimes become more global, European banks can take away
several lessons from US stress testing outcomes.
US prudential rules to change Asian
banks’ expansion plans
Asian banks may
rethink plans to expand into the US because of Dodd-Franks
US: Will reforms balkanise banking?
standards in the US could fragment the global market.
How US 5% leverage ratio could catch foreign
ratio higher than Basel III in the US could prompt other global
regulators to increase their requirements.
Are you a US person?
A look at how
the Dodd-Frank act addresses who is a foreign person, for
Why Dodd Frank extraterritoriality is fundamentally
substituted compliance provision for swap trading is out of
sync with Asian market structure
Basel and Dodd-Frank clash over definitions
beginning global regulators clashed over bank capital
How US 5% leverage ratio could catch foreign
Speculation is growing over whether US proposals for a leverage
ratio that doubles the Basel III standard will embolden
European regulators’ approach to the incoming