In the wake of the crisis in the financial markets that engulfed the economy in 2008, in July 2010 Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide the federal government with an array of new authorities to prevent the build-up of systemic risks within financial markets and the potential that any single institution again would be considered "too big to fail." Subtitle A of Title VII of the Dodd-Frank Act amended the Commodity Exchange Act (CEA) to establish a comprehensive new framework for the regulation of swaps, including registration requirements, capital requirements, and business conduct standards for swap dealers and major swap participants; mandatory clearing and transparent trading requirements for standardized swaps; comprehensive reporting requirements for all swaps; and enhanced enforcement authorities for the Commodity Futures Trading Commission (CFTC or Commission). This webcast addressed:
- Final rules and orders following the Dodd-Frank Act's passage
- The CFTC’s new rules for the swaps markets
- Cross-border application of these rules
WilmerHale Partner Dan Berkovitz, who served among the US Senate and several of the nation's key governmental agencies, delivered this webcast.