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DFA and Volcker rule (Proprietary Trading)

Federal Regulators in the United States are moving ahead with a rule that would ban banks from trading for their own profit. This rule – popularly known as Volcker Rule – is covered under Section 619 of Dodd Frank Act and contains two broad...

DFA and Federal regulation of the derivatives market

Title VII of Dodd-Frank Wall Street Reform and Consumer Protection Act address the gap in U.S. financial regulation of OTC derivatives by providing a comprehensive framework for their regulation. The Dodd-Frank Act divides regulatory authority...

DFA and Standards and rules for the mortgage business

Mortgage Reform and Anti-Predatory Lending (Title XIV of DFA) will be administered by the new Bureau of Consumer Financial Protection. The relevant section focuses on standardizing data collection for underwriting and imposes obligations on...

DFA and Federal oversight of the insurance industry

Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets. According...

DFA and Financial Stability Oversight Council

As established under the Dodd-Frank Act, the Financial Stability Oversight Council (FSOC) will provide, for the first time, comprehensive monitoring to ensure the stability of financial system in US. The Council is charged with identifying threats...

DFA and Orderly Liquidation Authority

The Dodd-Frank Act provided important new authorities to the FDIC to resolve Systemically Important Financial Institutions. Prior to the recent crisis, the FDIC’s receivership authorities were limited to federally insured banks and thrift...

DFA and Bureau of Consumer Financial Protection

Bureau of Consumer Financial Protection is the Federal Agency that is entrusted with primary responsibility for ensuring consumer protection. It was founded as per the Dodd Frank Act mandate and began operations on 21st July 2011. This Bureau...

Self Regulation is the Best Pill for all Ills of the Banking Industry

Volcker, Vicker or combined global regulations, one may aspire for any or many, but nothing will work when the banks themselves want to fail. Most of the banks during the recent crises behaved as if they were the masters of the market place...

OTC Derivatives’s Central Clearing – the focus

The introduction of legislation in the US and Europe to move settlement of some OTC derivative products through a Central Counter Party is the much talked about topic among leading bankers. The aim of this legislation is to bring in much needed...

Realignments in Investment Banking – Sell Side to Buy Side

Euro and Europe are going through challenging times. Stephen Hester, chief executive of Royal Bank of Scotland, has conceded for the first time that the state-backed lender could sell its investment banking division. Giving evidence to members...