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The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. [1] The law overhauled financial regulation in the aftermath of the Great Recession , and it made changes affecting all federal financial regulatory agencies and almost every ...
The Financial Stability Oversight Council (FSOC) is a United States federal government organization, established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Barack Obama on July 21, 2010. [1] The Office of Financial Research is intended to provide support to the council.
Dodd–Frank expanded these laws to potentially handle insurance companies and nonbank financial companies and changed these liquidation laws in certain ways. [16] Once it is determined that a financial company satisfied the criteria for liquidation, if the financial company's board of directors does not agree, provisions are made for judicial ...
Dodd–Frank Act supervisory stress testing; The core part of the program assesses whether: BHCs possess adequate capital. The capital structure is stable given various stress-test scenarios. Planned capital distributions, such as dividends and share repurchases, are viable and acceptable in relation to regulatory minimum capital requirements.
On July 22, 2010, the most recent Wall Street reform bill, the Dodd–Frank Wall Street Reform and Consumer Protection Act, was signed by President of the United States Barack Obama, following the 2007–2008 financial crisis.
Section 804 of the Dodd–Frank Wall Street Reform and Consumer Protection Act (DFA) provides the Financial Stability Oversight Council (FSOC) the authority to designate a financial market utility (FMU) that it determines is or is likely to become systemically important because the failure of or a disruption to the functioning of the FMU could create, or increase, the risk of significant ...
Donald Trump has been harshly critical of Dodd-Frank, describing it as a "very negative force, which has developed a very bad name", [15] and consistently calling for either a full repeal or major changes to the act throughout his 2016 presidential campaign. [16] [17] This reflected the Republican Party's platform regarding the act. [18]
The initial version of the Swaps Push-Out provision which became Dodd–Frank's section 716 was proposed by Senator Blanche Lincoln (Democrat of Arkansas) in 2010, during her re-election campaign. The proposal would have prohibited bank swap dealers from receiving federal assistance from the FDIC or from the discount window of the Federal Reserve.