The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) was signed into law on July 21, 2010.
The Act covers almost every aspect of financial regulation and implementation requires an extraordinary amount of rulemaking. Because regulators are given significant discretion, the practical impact of the Act is in many respects still to be determined. Bingham attorneys continue to monitor developments on behalf of our clients as the process unfolds.
Following is our Summary of the Act, which is intended to outline the basic structure of the Act and to highlight selected provisions. The Summary is broken into categories, with reference in each category to the relevant title(s) of the Act. Certain parts of the Act impact more than one category; in some of those cases (such as with the Volcker Rule), we have included summaries of the relevant provisions in more than one category.
As we continue to review and analyze the Act and its practical implications for the financial markets, we will be publishing specialized Alerts covering areas of interest and importance to our clients.
Click to download our summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
This article was originally published by Bingham McCutchen LLP.