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Dodd-Frank (US)

Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank” or the “Act”)

In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank” or the “Act”) was signed into U.S. federal law. The Act made changes to the financial regulatory environment in the United States as a way of promoting financial stability by, among other things, improving accountability and transparency in the financial system.

Objective

Within the Act, Title VII addressed concerns regarding the regulation of the over-the-counter (OTC) swaps markets, and in particular required certain OTC derivatives and FX instruments to be traded on a regulated Swap Execution Facility (SEF).

Reform

In the spring of 2018, the US Congress adopted a reform of the Dodd-Frank Act. The reform raised the threshold above which a bank is classified as systemically risky from US$50 billion to US$250 billion in fixed assets. This classification also entails more extensive supervisory rules. In addition, some provisions, such as a ban on proprietary trading, were dropped for banks with assets of less than US$10 billion.


Dodd-Frank: the highlighted parts of the value chain are affected

Legal basis

Find the most recent legal texts on this regulation here.