Download or read book The Dodd Frank Wall Street Reform and Consumer Protection Act written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dodd Frank Wall Street Reform and Consumer Protection Act written by Mark Jickling and published by . This book was released on 2010 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dodd-Frank Act (P.L. 111-203) sought to remake the OTC market in the image of the regulated futures exchanges. Crucial reforms include a requirement that swap contracts be cleared through a central counterparty regulated by one or more federal agencies. Clearinghouses require traders to put down cash (called initial margin) at the time they open a contract to cover potential losses, and require subsequent deposits (called maintenance margin) to cover actual losses to the position. The intended effect of margin requirements is to eliminate the possibility that any firm can build up an uncapitalized exposure so large that default would have systemic consequences. The size of a cleared position is limited by the firm's ability to post capital to cover its losses. That capital protects its trading partners and the system as a whole. This report describes some of the new requirements placed on the derivatives market by the Dodd-Frank Act.
Download or read book The Dodd Frank Wall Street Reform and Consumer Protection Act Title VII Derivatives written by Rena S. Miller and published by Createspace Independent Pub. This book was released on 2012-11-21 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis implicated the over-the-counter (OTC) derivatives market as a major source of systemic risk. A number of firms used derivatives to construct highly leveraged speculative positions, which generated enormous losses that threatened to bankrupt not only the firms themselves but also their creditors and trading partners. Hundreds of billions of dollars in government credit were needed to prevent such losses from cascading throughout the system. AIG was the best-known example, but by no means the only one. Equally troublesome was the fact that the OTC market depended on the financial stability of a dozen or so major dealers. Failure of a dealer would have resulted in the nullification of trillions of dollars' worth of contracts and would have exposed derivatives counterparties to sudden risk and loss, exacerbating the cycle of deleveraging and withholding of credit that characterized the crisis. During the crisis, all the major dealers came under stress, and even though derivatives dealing was not generally the direct source of financial weakness, a collapse of the $600 trillion OTC derivatives market was imminent absent federal intervention. The first group of Troubled Asset Relief Program (TARP) recipients included nearly all the large derivatives dealers. The Dodd-Frank Act (P.L. 111-203) sought to remake the OTC market in the image of the regulated futures exchanges. Crucial reforms include a requirement that swap contracts be cleared through a central counterparty regulated by one or more federal agencies. Clearinghouses require traders to put down cash (called initial margin) at the time they open a contract to cover potential losses, and require subsequent deposits (called maintenance margin) to cover actual losses to the position. The intended effect of margin requirements is to eliminate the possibility that any firm can build up an uncapitalized exposure so large that default would have systemic consequences (again, the AIG situation). The size of a cleared position is limited by the firm's ability to post capital to cover its losses. That capital protects its trading partners and the system as a whole. Swap dealers and major swap participants—firms with substantial derivatives positions—will be subject to margin and capital requirements above and beyond what the clearinghouses mandate. Swaps that are cleared will also be subject to trading on an exchange, or an exchange-like “swap execution facility,” regulated by either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC), in the case of security-based swaps. All trades will be reported to data repositories, so that regulators will have complete information about all derivatives positions. Data on swap prices and trading volumes will be made public. The Dodd-Frank Act provides exceptions to the clearing and trading requirements for commercial end-users, or firms that use derivatives to hedge the risks of their nonfinancial business operations. Regulators may also provide exemptions for smaller financial institutions. Even trades that are exempt from the clearing and exchange-trading requirements, however, will have to be reported to data repositories or directly to regulators.
Download or read book The Dodd Frank Wall Street Reform and Consumer Protecton Act written by Rena S. Miller and published by . This book was released on 2012-12-26 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dodd Frank Manual Series written by Lene Powell and published by Aspen Publishers. This book was released on 2012 with total page 938 pages. Available in PDF, EPUB and Kindle. Book excerpt: With regulatory implementation of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act of 2010 well underway, it has never been more critical for counsel and their corporate clients to have a deep understanding of the implications of these regulatory changes on the banking, securities, and financial services sectors. At Wolters Kluwer Law & Business, we've created the Dodd-Frank Manual Series to identify the issues, explore the topics, and dissect the "need-to-know" regulations. Each volume in this new series, written by Wolters Kluwer Law & Business Attorney-Editors, explains issues by Title of the Act, providing a focused discussion and analysis of specific topics that will expedite your research, giving you the knowledge to confidently advise clients and ensure corporate compliance. This volume, Derivatives (Title VII), authored by Wolters Kluwer Attorney-Editors Lene Powell, J.D., and James Hamilton, J.D., LL.M., explains the extensive derivatives reform measures implemented by the Dodd-Frank Act and accompanying regulations. The authors analyze the impact on various entities, including swap and security-based swap dealers and major swap participants, designated contract markets, swap exchange facilities, and derivatives clearing organizations. They also cover new registration, reporting, and recordkeeping requirements; new product and entity definitions; protection of cleared swaps customer contracts and collateral; and more.
Download or read book Hearing to Review Implementation of Title VII of the Dodd Frank Wall Street Reform and Consumer Protection Act written by United States. Congress. House. Committee on Agriculture and published by . This book was released on 2011 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Building the New Derivatives Regulatory Framework written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2011 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Derivatives Market Reform written by Carl Wilkerson and published by . This book was released on 2014 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 turmoil in the financial markets provided the primary impetus for significant financial reform of U. S. financial service institutions. The profound economic disruption had multiple causal factors, including, in part, the widespread use of privately negotiated over-the-counter derivatives instruments. Transactions outside the structure of exchanges or centralized clearing facilities did not universally face collateralization, margin and transparency typically associated with exchange traded derivatives. As a consequence, a significant volume of derivatives transactions lacked the limiting brakes of traditional collateral and were largely opaque to financial service regulators. These, and other factors, magnified structural and regulatory gaps that accelerated economic and financial challenges in U. S. and global markets.This paper discusses rule initiatives implementing Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act or DFA) involving derivatives market reform that affect life insurers' asset and liability risk management through derivatives transactions, and that impact selected insurance products. The discussion will summarize the legislative purposes of Title VII of the DFA and evaluate rulemakings implementing the broad scope of the legislation, including: 1. “Swap” and “Security-Based Swap” Definitions; 2. The Stable Value Contract Study; 3. The Definition of Major Swap Participant and Major Security-Based Swap Participant; 4. Collateral and Margin for Uncleared Swaps; 5. Segregation and Protection of Customer Collateral; 6. Swap Documentation Challenges; and, 7. Mandatory Clearing Requirements.
Download or read book Implementing Derivatives Reform written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2013 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oversight Hearing written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry and published by . This book was released on 2012 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Implementing Derivatives Reform written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dodd Frank Wall Street Reform and Consumer Protection Act DF written by Michael K. Adjemian and published by DIANE Publishing. This book was released on 2011-04 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The DF makes significant changes to Fed. regulation of the U.S. OTC derivatives markets. The act calls for swaps to be centrally cleared and traded on an exchange or execution facility and for dealers and major participants that trade these derivatives to be subject to collateral requirements. Although the act exempts certain types of swaps and traders from these clearing, collateral, and trading venue requirements in order to preserve market efficiency, all swaps will be subject to new record-keeping and reporting rules. This report reviews some important features of the new law and discuss their potential impact on agribusiness, much of which will depend on how the rules are written and implemented by regulators. This is a print on demand report.
Download or read book One Year Later written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry and published by . This book was released on 2012 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulating Wall Street written by New York University Stern School of Business and published by John Wiley & Sons. This book was released on 2010-10-28 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts from NYU Stern School of Business analyze new financial regulations and what they mean for the economy The NYU Stern School of Business is one of the top business schools in the world thanks to the leading academics, researchers, and provocative thinkers who call it home. In Regulating Wall Street: The New Architecture of Global Finance, an impressive group of the Stern school’s top authorities on finance combine their expertise in capital markets, risk management, banking, and derivatives to assess the strengths and weaknesses of new regulations in response to the recent global financial crisis. Summarizes key issues that regulatory reform should address Evaluates the key components of regulatory reform Provides analysis of how the reforms will affect financial firms and markets, as well as the real economy The U.S. Congress is on track to complete the most significant changes in financial regulation since the 1930s. Regulating Wall Street: The New Architecture of Global Finance discusses the impact these news laws will have on the U.S. and global financial architecture.
Download or read book Examining Legislative Improvements to Title VII of the Dodd Frank Act written by United States. Congress. House. Committee on Agriculture and published by . This book was released on 2013 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rulemaking Requirements and Authorities in the DoddFrank Wall Street Reform and Consumer Protection Act written by Curtis W. Copeland and published by DIANE Publishing. This book was released on 2010 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report identifies provisions in the Act as a whole that either require or permit rulemaking by any federal agency, including the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Consumer Financial Protection Bureau. Cf. p. 2.
Download or read book Building the New Derivatives Regulatory Framework written by United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-12-24 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building the new derivatives regulatory framework : oversight of Title VII of the Dodd-Frank Act : hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Twelfth Congress, first session ... April 12, 2011.
