Details

  • Service: Advisory, Risk Consulting
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 8/9/2010

Regulatory Practice Letter #10-13 

Dodd-Frank Act: Regulation of Over-the-Counter Derivatives (Title VII)

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On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) was signed into law by U.S. President Barack Obama. The law touches on nearly every facet of the financial sector. Title VII of the Dodd-Frank Act, entitled the Wall Street Transparency and Accountability Act of 2010, establishes a new framework for regulatory and supervisory oversight of the over-the-counter (“OTC”) derivatives market, which is estimated at more than $600 trillion.