Which of the following statements is true of the dodd–frank wall street reform act?

Which of the following statements is true of the dodd–frank wall street reform act?

In the aftermath of the 2008 financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) enhanced the CFTC’s regulatory authority to oversee the more than $400 trillion swaps market.

Rule-writing

As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFTC has written rules to regulate the swaps marketplace.

See information below regarding areas the CFTC addressed in its rule-writing. Also see proposed rules and final rules issued by the Commission thus far.

View all Dodd-Frank Final Rules and Orders

View all Dodd-Frank Guidance, Advisories and Questions

Currently Effective Staff Letters

View all Dodd-Frank Open Meetings and Public Roundtables

View all Proposed Rules, Orders and Advance Notices of Proposed Rules

See List of Rulemaking Areas

View all Comparability Determinations for Substituted Compliance Purposes

External Meetings

The CFTC is committed to transparency in the rulemaking process. Information on all meetings that the Chairman and Commission staff have with outside organizations regarding the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be made public. The topics of the meetings, attendees, summaries of the meetings and any materials presented to the CFTC are posted here.

See List of External Meetings

Reports and Studies

The Dodd-Frank Wall Street Reform and Consumer Protection Act required the CFTC to conduct a number of studies and reports on a wide variety of issues that affect the derivatives market. Information regarding these reports and studies will be published as it becomes available.

See List of Reports and Studies

Text of H.R. 4173: Dodd-Frank Wall Street Reform and Consumer Protection Act

Download the PDF of the bill, or

Read the text on THOMAS

Swaps regulation

The Dodd-Frank Wall Street Reform and Consumer Protection Act brings comprehensive reform to the regulation of swaps.  These products, which have not previously been regulated in the United States, were at the center of the 2008 financial crisis.  The historic Dodd-Frank bill authorizes the CFTC to:

Regulate Swap Dealers

  • List of Provisionally Registered Swap Dealers
  • Swap dealers will be subject to capital and margin requirements to lower risk in the system. 
  • Dealers will be required to meet robust business conduct standards to lower risk and promote market integrity.
  • Dealers will be required to meet recordkeeping and reporting requirements so that regulators can police the markets.

Increase Transparency and Improve Pricing in The Derivatives Marketplace

  • Instead of trading out of sight of the public, standardized derivatives will be required to be traded on regulated exchanges or swap execution facilities.
  • Transparent trading of swaps will increase competition and bring better pricing to the marketplace.  This will lower costs for businesses and consumers.

Lower Risk to the American Public

  • Standardized derivatives will be moved into central clearinghouses to lower risk in the financial system.
  • Clearinghouses act as middlemen between two parties to a transaction and take on the risk that one counterparty may default on its obligations.
  • Clearinghouses have lowered risk in the futures marketplace since the 1890s.  The Dodd-Frank bill brings this crucial market innovation to the swaps marketplace.

Dec. 18, 2020 2020 Summary Report of Commission Staff's Examinations of Each Nationally Recognized Statistical Rating Organization [§932]
Report (PDF) Jan. 24, 2020 2019 Summary Report of Commission Staff's Examinations of Each Nationally Recognized Statistical Rating Organization [§932] 
Report (PDF) Dec. 18, 2018 2018 Summary Report of Commission Staff's Examinations of Each Nationally Recognized Statistical Rating Organization [§932] 
Report (PDF) Dec. 29, 2017 2017 Summary Report of Commission Staff's Examinations of Each Nationally Recognized Statistical Rating Organization [§932] 
Report (PDF) Dec. 21, 2016 2016 Summary Report of Commission Staff's Examinations of Each Nationally Recognized Statistical Rating Organization [§932] 
Report (PDF) Dec. 28, 2015 2015 Summary Report of Commission Staff's Examinations of Each Nationally Recognized Statistical Rating Organization [§932] 
Report (PDF) Dec. 18, 2015 Issued Report on the Review of the Definitions of "Accredited Investor." [§413] 
Report (PDF) | Submit Public Comment Jan. 30, 2015 Issued report to Congress on objectives of the Investor Advocate. [§915] 
Report (PDF) Dec. 23, 2014 Issued report to Congress on activities of the Investor Advocate. [§915] 
Report (PDF) Dec. 23, 2014 2014 Summary Report of Commission Staff's Examinations of Each Nationally Recognized Statistical Rating Organization [§932] Report (PDF) Nov. 17, 2014 Issued report to Congress on the securities whistleblower incentive and protection program. [§922, 924] 
Report (PDF) Jun. 5, 2014 Submitted a report to Congress on the cost and benefits of real time reporting on short sale positions. [§417] 
Report (PDF) Dec. 24, 2013 Published third annual report summarizing NRSRO inspections, findings, and responses. [§932] 
Report (PDF) Nov. 21, 2013 Issued report to Congress on credit rating agency independence. [§939C] 
Report (PDF) Jul. 25, 2013 Issued annual report to Congress on use of data collected from advisers to hedge funds and other private funds to aid in monitoring system financial risk. [§404] 
Report (PDF) Apr. 24, 2013 Submitted a report to Congress on the activities of the Office of Minority and Women Inclusion. [§342] 
Report (PDF) Dec. 18, 2012 Provided to Congress a study on the rating process for structured finance products and the feasibility of an assignment system. [§939F]
Study (PDF) Nov. 15, 2012 Published second annual report summarizing NRSRO inspections, findings, and responses. [§932] 
Report (PDF) Oct 17, 2012 Issued third report to Congress describing actions to implement an independent consultant's recommendations. The consultant had been hired to make recommendations on the SEC's organization and operations. [§967] 
Report (PDF) Sep 7, 2012 Report to Congress on standardization within certain elements of the credit rating process. [§939(h)] 
Report (PDF) Aug. 30, 2012 Provided to Congress a study regarding financial literacy among retail investors. [§917 ]
Press Release Apr. 11, 2012 Delivered to Congress the Commission's Study on the Cross-Border Scope of the Private Right of Action Under Section 10(b) of the Securities Exchange Act of 1934. [§929Y]
Study Data | Study (PDF) Apr. 10, 2012 Submitted a report to Congress on the activities of the Office of Minority and Women Inclusion. [§342]
Report (PDF) Apr. 10, 2012 Submitted a report to Congress on the activities of the Office of Minority and Women Inclusion. [§342]
Report (PDF) Mar. 30, 2012 Issued second report to Congress describing actions to implement an independent consultant's recommendations. The consultant had been hired to make recommendations on the SEC's organization and operations. [§967]
Report (PDF) Feb. 1, 2012 Delivered to Congress jointly with CFTC a report on how swaps are regulated in the United States, Asia, and Europe to identify areas of regulation that are similar and other areas of regulation that could be harmonized. [§719(c)]
Report (PDF) Dec. 21, 2011 Sent report and certification to Congress on internal supervisory controls: The report covers the effectiveness of internal supervisory controls relating to examinations of registered entities, enforcement investigations, and review of corporate filings. [§961]
Report and Certification (PDF) Sep. 30, 2011 Published an annual report summarizing NRSRO inspections, findings, and responses. [§932]
Press Release Sep. 12, 2011 Issued second report to Congress describing actions to implement an independent consultant's recommendations. The consultant had been hired to make recommendations on the SEC's organization and operations. [§967]
Report (PDF) Jul. 21 2011 Reported to Congress, jointly with the CFTC and the Federal Reserve Board, on improving the common framework for designated clearing entity risk management. [§813]
Report (PDF) Jul. 21, 2011 Reported to Congress a review of existing references to credit ratings in statutes and regulations. [§939A]
Report (PDF) Apr. 22, 2011 Issued a report to Congress regarding reducing the costs to smaller issuers (with market capitalization between $75 million and $ 250 million) for complying with 404(b) of the Sarbanes-Oxley Act of 2002, while maintaining investor protections. [§989G]
Report (PDF) Apr. 8, 2011 Reported to Congress, jointly with the CFTC, on a study regarding the feasibility of requiring the derivatives industry to adopt standardized computer-readable algorithmic descriptions: The study concluded that such descriptions are feasible and identified three challenges that would have to be addressed before mandating their use. [§719]
Press Release Mar. 10, 2011 Reported to Congress on organizational issues. The report prepared by independent consultants studied and made recommendations regarding SEC organization and operations. [§967]
Report (PDF) Jan. 26, 2011 Completed study of ways to improve investor access to information about investment advisers and broker-dealers. [§919B]
Study (PDF) Jan. 21, 2011 Issued Report to Congress regarding the study of the obligations of brokers, dealers and investment advisers. [§913]
Press Release | Report (PDF) Jan. 18, 2011 Issued report to Congress by an interagency working group, including the SEC Chairman, on the oversight of existing and prospective carbon markets. [§750(e)]
Report (PDF) Jan. 14, 2011 Issued Report to Congress regarding the need for enhanced resources for investment adviser examinations and enforcement. [§914]
Report (PDF) Oct. 29, 2010 Issued Report on Whistleblower Program: SEC staff issued a report to Congress related to the Securities Whistleblower Incentives and Protection program. [§922, 924]
Report (PDF)

Which of the following statements is true of the Dodd

Which of the following statements is true of the Dodd-Frank Wall Street Reform Act? It seeks to improve financial regulation, increase oversight of the industry, and prevent the types of risk-taking, deceptive practices, and lack of oversight that led to the 2008-2009 financial crisis.

Which of the following are the key provisions of the Dodd

Dodd–Frank reorganized the financial regulatory system, eliminating the Office of Thrift Supervision, assigning new responsibilities to existing agencies like the Federal Deposit Insurance Corporation, and creating new agencies like the Consumer Financial Protection Bureau (CFPB).

Which of the following did the Dodd

A. The​ Dodd-Frank Act created a new independent agency—the Consumer Financial Protection Bureau—that is funded and housed within the Federal Reserve.

What was the purpose of the Dodd

To protect consumers from abusive financial services practices.