“The Major Derivative Provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act”
After months of political negotiation and dialogue, Congress has passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). The approximately 2,300-page Act, passed by the House on June 30, 2010 and by the Senate on July 15, 2010, seeks to address the financial crisis that gripped much of the world in 2007 and 2008, by reforming key areas of the financial services industry. Among such reforms are major amendments to the laws governing derivatives.
This Stroock Special Bulletin summarizes the major derivative provisions of the Act.