This act, signed into law in 2010, ushered in an overhaul of the US financial regulatory system so sweeping that many of the regulations needed to fully implement the law are still evolving.
Enacted in response to a financial crisis described as the “worst since the Great Depression,” this massive piece of legislation contains 16 titles, comprises 2,319 pages in its original form, and calls for regulators from 22 separate federal agencies to conduct dozens of new studies and create hundreds of new rules.
Topics discussed in this issue include:
- Status of rules and regulations
- Changes in banking regulations
- Regulatory empowerment
- Oversight of derivatives
- Consumer and investor protection
- Specialized disclosure requirements
We hope that you find this timely update of the regulations issued through March 31, 2012 (and those expected in the months to come) helpful so you can prepare for the challenges that lie ahead.