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Dodd-Frank
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Special Report: 2011 Dodd-Frank Update
Since becoming law in July 2010, the Dodd-Frank Act has brought about many changes to financial compliance and oversight, all in an effort by Congress to keep the U.S. financial system in check and prevent another financial meltdown.
Last October, FierceFinance gave an introduct
Understanding the SEC whistleblower rule
The U.S. Securities and Exchange Commission (SEC) recently introduced new rules to improve financial compliance investigations by enticing employees to submit internal tips. The new
Durbin Amendment sparks debate over revenue, regulation
The idea that regulation thwarts innovation is hardly new. And when it comes to Dodd-Frank's Durbin Amendment, which places limits on debit card swipe fees, we've heard some interesting variations.
Goldman forges ahead with principal investments
If it wasn't clear before, it is now: Goldman Sachs ( NYSE: GS ) has no intention of giving up on principal investments. And why should it? Before the mortgage-bubble, the firm had raised the use of such investments to pad earnings to an art form. Rarely did a quarterly earnings release go by wi
Charges against Rajat Gupta test Dodd-Frank
Much has been made of the fact that the SEC brought insider trading charges against Rajat Gupta via an administrative proceeding as authorized by the recently passed Dodd-Frank Act instead of in court. Before Dodd-Frank, the SEC could only push for civil penalties via an administrative action if t
Goldman deal sparks talk of principal investments
Goldman Sachs ( NYSE: GS ) has apparently agreed to invest up to $65 million in Management Dynamics , which makes software to automate international transactions. The investment gives Goldman the right to place one employee on the New Jersey company's board.
Specifically, the investment c
War on debit fee reform heats up
In so many ways, the war against Dodd-Frank is stepping up. The latest example is the intensifying effort to fight the Durbin Amendment, which limited interchange fees in theory, and new Fed regulations, which limited them more specifically.
The new upper limit on debit interchange fees charge
Report on derivatives generates controversy
The passage of Dodd-Frank did not end the lobbying in Washington. In fact, it pushed it to a different plane, as the Wall Street lobbyists turned their attention to the rule-making process at the SEC and the CFTC.
The results for the industry have been decent when it comes to derivatives regul
Small hedge funds face more regulatory scrutiny
For a while, it looked like hedge funds would escape the regulatory reform push relatively unscathed. That still rings true. The exception might be small hedge funds, many of which will be facing registration requirements for the first time.
According to Dodd-Frank, hedge funds with assets in
Should CEOs sign off on Volcker Rule efforts?
The Volcker Rule has inspired a lot of debate since it became law as part of Dodd-Frank. The opinions run the gamut. Some note Goldman Sachs and Morgan Stanley have dismantled prop trading units, a sign that the rule has real teeth. Others think prop trading will continue to exist as part of marke
