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 assuring regulatory consistency and comparability, to the extent possible.

Mixed Swaps —The Commodity Futures Trading Commission and the Securities and Exchange Commission, after consultation with the Board of Governors, shall jointly prescribe such regulations regarding swaps.

Securities and Exchange Commission, National Securities Associations or certain Futures Associations unless specifically provided, are conferred with jurisdiction to issue a rule, regulation, or order providing for oversight or regulation of swaps or  with regard to its activities or functions concerning:

• swap dealers
• major swap participants
• swap data repositories
• persons associated with a swap dealer or major swap participant
• eligible contract participants with respect to swaps
• swap execution facilities with respect to swaps.

The Commodity Futures Trading Commission and the Securities and Exchange Commission, in consultation with the Board of Governors, shall jointly adopt such other rules regarding such definitions as the Commodity  Futures Trading Commission and the Securities and Exchange Commission determine are necessary and appropriate, in the public interest, and for the protection of investors.

Financial Stability Oversight Council

If the Commodity Futures Trading Commission and the Securities and Exchange Commission fail to jointly prescribe rules the Financial Stability Oversight Council shall resolve the dispute