Regulation
Regulation: United States
The roles of the CFTC and SEC, the Dodd-Frank Act, the Volcker Rule, and the clearing, reporting and trade execution mandates.
Introductory2 pagesPractitioner4 pages
1US Regulation
- IntroductoryOverview of Derivatives Regulation in the USTitle VII of the Dodd-Frank Act newly set rules for over-the-counter swaps and security-based swaps.
- IntroductoryThe Roles of the CFTC and SECThe CFTC regulates futures and swaps under the Commodity Exchange Act, and the SEC regulates security-based swaps under the Securities Exchange Act of 1934.
- PractitionerDodd-Frank Act Title VIITitle VII sets rules for the swap markets in Subtitle A and for the security-based swap markets in Subtitle B.
- PractitionerThe Volcker RuleFive agencies write the rule, each for the banking entities it oversees.
- PractitionerSwap Dealer RegistrationSwap dealers and major swap participants must register with the CFTC.
- PractitionerClearing, Reporting, and Trade Execution RequirementsThe clearing requirement covers four types of interest rate swaps and two classes of credit default swap (CDS) indices, including yen overnight index swaps (OIS) referencing TONA.