The most comprehensive educational resources for finance

Dodd-Frank Act – Title IX: Investor Protections and Improvements to the Regulation of Securities

This title is also known as the ‘‘Investor Protection and Securities Reform Act of 2010’’. Subtitle A: Increasing Investor Protection Investor Advisory Committee: The Investor Advisory Committee will advise and consult with the Commission on: Regulatory priorities of the Commission Issues relating to the regulation of securities products, trading strategies, and fee structures, and the

The Reasoning Behind Basel III

In an interview with Knowledge@Wharton, Wharton finance professor Richard J. Herring discusses the reasoning behind the new capital-adequacy requirements in Basel III, some shortcomings and how the financial services industry will begin to cope with it. For the curious minds, Basel III (also known as Basel 3) is a comprehensive set of reform measures, developed

Dodd-Frank Act – Title VIII: Payment, Clearing, and Settlement Supervision

This title is also known as ‘‘Payment, Clearing, and Settlement Supervision Act of 2010’’. The purpose of this title is to mitigate systemic risk in the financial system and promote financial stability by: authorizing the Board of Governors to promote uniform standards for : management of risks by systemically important financial market utilities; and conduct

Dodd-Frank Act – Title VII: Wall Street Transparency and Accountability

This title is also known as the Wall Street Transparency and Accountability Act of 2010. Regulation of Over-the-counter Swaps Markets The title states that a review be conducted. The Securities and Exchange Commission shall consult and coordinate to the extent possible with the Commodity Futures Trading Commission and the prudential regulators for the purposes of

What is Money Laundering?

Money laundering is the process by which the proceeds of the crime, and the true ownership of those proceeds, are concealed so that the proceeds appear to have come from legitimate sources. Generally money laundering is the process by which one conceals the existence, illegal source, or illegal application of income to make it appear

Dodd-Frank Act – Title V: Insurance

This title is also known as the Federal Insurance Office Act of 2010. A Federal Insurance office will be established, which a director selected by the Secretary of Treasury will head. The authority and duties of this office include: To monitor all aspects of the insurance industry, including identifying issues or gaps in the regulation

Dodd-Frank Act – Title IV: Regulation of Advisers to Hedge Funds and Others

This title is also be known as ‘‘Private Fund Investment Advisers Registration Act of 2010’’. It has under its purview private funds, foreign investment adviser. The salient features of this title are listed below: Elimination of private adviser exemption; limited exemption for foreign private advisers; limited intrastate exemption. Collection of systemic risk data; reports; examinations;

Dodd-Frank Act – Title III: Transfer of Powers

Title III: Transfer of Powers to the Comptroller of the Currency, the Corporation, and the Board of Governors This title is also known as the ‘‘Enhancing Financial Institution Safety and Soundness Act of 2010’’. This title aims to: provide for the safe and sound operation of the banking system of the United States preserve and