The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law July 2010, covers many topics and has vast requirements. This complex law is mandated to address a lack of transparency, market vulnerability and egregious practices by any publicly traded corporation.
Most corporations are reviewing their strategies for sustainability, capital and growth in light of Dodd-Frank.
The law impacts approximately 6,000 publicly traded companies, both in financial services and non-financial services. Dodd-Frank focuses on assuring stability in the U.S. financial markets, mainly by regulating institutions deemed systemically important, such as the OTC derivatives market and investment advisors, and enhancing consumer protections.
This sweeping legislation and accompanying rules contain numerous provisions intended to strengthen corporate accountability, affecting all U.S. public and many private companies. KPMG is committed to extracting the complex requirements and delivering value to our clients by assisting with their compliance needs and sustainability.