Dodd-Frank
Squeezed in the Middle: Nobody is Happy with the Pace of Implementation of the Volcker Rule
In 1933, Senator Carter Glass and Representative Henry B. Steagall, sponsored the Banking Act of 1933, which has been subsequently known as the Glass-Steagall Act. Its passage was prompted by the Great Depression, which was partially caused by commercial banks’ overexposure to risk. Part of this law forced commercial banks to cease brokerage and investment [...]
LEAVE A COMMENT
TAGS Dodd-Frank, Volker Rule, Volker Rule implementation
POSTED IN Dodd-Frank, Volcker Rule
POSTED IN Dodd-Frank, Volcker Rule
Dodd Frank’s Next Chapter – Filling Regulatory Gaps in the Derivatives Sphere
As of July 2, 2012, a total of 221 Dodd-Frank rulemaking requirement deadlines passed. Only 81 have been met with finalized rules (which will become effective 60 days after publication). Despite such delays, Friday, July 6, 2012 marked a turning point in bringing Dodd Frank into practice when the Securities and Exchange Commission unanimously approved [...]
LEAVE A COMMENT
TAGS CFTC, Dodd-Frank, OTC derivatives, swap
POSTED IN Capital Markets, Derivatives, Dodd-Frank
POSTED IN Capital Markets, Derivatives, Dodd-Frank
Putting the Genie Back into the Bottle: The CFTC Adopts Derivative Clearing Rules
The Commodities Futures Trading Commission (the “CFTC”) adopted rules on March 20th designed to raise competition and mitigate risk in derivatives markets. Overall, however, the main thrust of the rules is to encourage migration of much of the derivatives market onto central clearinghouses. Several features of the rules encourage competition. A key requirement is that [...]
LEAVE A COMMENT
TAGS CFTC, Clearinghouse, Derivatives, Dodd-Frank, swaps
POSTED IN Capital Markets, Derivatives, Dodd-Frank
POSTED IN Capital Markets, Derivatives, Dodd-Frank
Dodd-Frank Wets Whistles
In May the Securities and Exchange Commission (SEC) published the final rule implementing the Whistleblower program under Section 922 of Dodd-Frank Wall Street Reform and Consumer Protection Act. SEC rules provide whistleblowers with a 10% to 30% “bounty” of the monetary sanctions recovered by SEC based on the whistleblower’s tip. According to the SEC, complaints [...]
Announcement: Fordham Journal of Corporate & Financial Law’s 2012 Symposium – “Regulation of Over-the-Counter Derivatives” – February 13, 2012
The Fordham Journal of Corporate & Financial Law (FJCFL) and the Fordham Corporate Law Center are proud to announce that this year’s annual FJCFL symposium will be titled “Regulation of Over-the-Counter Derivatives” and will take place on Monday, February 13th, 2012 at 113 West 60th Street, Lowenstein Building, 12th Floor Lounge. Overview: This year’s symposium, titled “Regulation of Over-the-Counter [...]
LEAVE A COMMENT
TAGS CFTC, Clearinghouse, Derivatives, Dodd-Frank, Over-the-Counter, SEC, Securities
POSTED IN Dodd-Frank, Securities Regulation, Symposia
POSTED IN Dodd-Frank, Securities Regulation, Symposia
Press Coverage of Twelfth Annual Sommer Lecture featuring SEC Commissioner Troy A. Paredes
Click on the article title to jump to piece: Regulating Wall Street In The Age of Disclosure Overload by Bill Singer Less but better disclosure may be more, U.S. SEC Commissioner Paredes says by Stuart Gittleman Regulating Wall Street In The Age of Disclosure Overload By Bill Singer Forbes http://www.forbes.com/sites/billsinger/2011/11/30/regulating-wall-street-in-the-age-of-disclosure-overload/ Pinch me. Please. Again. [...]
LEAVE A COMMENT
TAGS Disclosure, Dodd-Frank, Press, SEC, Securities, Troy A. Paredes
POSTED IN News & Events
POSTED IN News & Events
The Philosophy and Practice of Disclosure
Please find the transcript to the lecture here. On October 27, 2011, Commissioner Troy A. Paredes of the U.S. Securities & Exchange Commission, delivered the Corporate Law Center’s Twelfth Annual A.A. Sommer, Jr. Lecture on Corporate, Securities and Financial Law. The title of his lecture was “The Philosophy and Practice of Disclosure.”
LEAVE A COMMENT
TAGS Disclosure, Dodd-Frank, SEC, Securities, Troy A. Paredes
POSTED IN A.A. Sommer Jr. Lecture, Featured Video
POSTED IN A.A. Sommer Jr. Lecture, Featured Video
Twelfth Annual A.A. Sommer, Jr. Lecture on Corporate, Securities and Financial Law
Please find the video to the lecture here. Transcript: Twelfth Annual A.A. Sommer, Jr. Lecture on Corporate, Securities and Financial Law “The Philosophy and Practice of Disclosure” Commissioner Troy A. Paredes U.S. Securities and Exchange Commission October 27, 2011 Thank you for the generous introduction. And thank you to Fordham Law School for [...]
LEAVE A COMMENT
TAGS Disclosure, Dodd-Frank, SEC, Securities, Troy A. Paredes
POSTED IN A.A. Sommer Jr. Lecture
POSTED IN A.A. Sommer Jr. Lecture
The SEC and Proposed Rule 127B: A New Day for Regulation or a Continuation of Current Trends?
The United States Securities and Exchange Commission (the “SEC”) has issued Proposed Rule 127B, implementing Section 621 of the Dodd-Frank Act, which amended Section 27B of the Securities Act of 1933 (the “Securities Act”), barring material conflicts of interest in securitization transactions. Rule 127B would ban hedge funds and banks from assembling risky securities, marketing [...]
LEAVE A COMMENT
TAGS CDO, Dodd-Frank, gramm-leach-bliley, SEC
POSTED IN Banking & Finance, Corporate Law, Dodd-Frank, Securities Regulation, Volcker Rule
POSTED IN Banking & Finance, Corporate Law, Dodd-Frank, Securities Regulation, Volcker Rule
The Hurt Volcker: Diffusing Proprietary Trading
The ongoing battle between regulators and the financial industry took a significant step forward last week, as the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve, and the Securities and Exchange Commission (“SEC”) all unanimously approved an initial version of a regulation designed to prevent banks from trading for their own profit. This proposal, known [...]
Featured Video
-
Eugene P. and Delia S. Murphy Conference on Corporate Law
-
Representation Without Accountability?
- Business Law Practitioners Series – Fall 2011
-
The Philosophy and Practice of Disclosure
- BLPS – Rory Cutaia ’85
- The Looming Problems of The Bureau of Consumer Financial Protection
-
Financial Reform Legislation: There Ought To Be A Law, But Is This It?
Highlights From Volume 18 Book I
THE BEHAVIORAL PARADOX: WHY INVESTOR IRRATIONALITY CALLS FOR LIGHTER AND SIMPLER FINANCIAL REGULATION
It is widely believed that behavioral economics justifies more intrusive regulation of financial markets, because people are not fully rational and need to be protected from their quirks. This Article challenges that belief. Firstly, insofar as people can be helped to make better choices, that goal can usually be achieved through light-touch regulations. Secondly, faulty [...]
DEMANDING SUBSTANCE OR FORM? THE SEC’S PLAIN ENGLISH HANDBOOK AS A BASIS FOR SECURITIES VIOLATIONS
In 1998, the United States Securities and Exchange Commission (“SEC” or “Commission”) released a style manual titled “The Plain English Handbook.” The culmination of a drive by its Chairman, Arthur Levitt, the Handbook drew upon the rules of grammar, best industry practice, and even the support of billionaire Warren Buffett in calling for a layman’s [...]
FULL OF HOT AIR? EVALUATING THE AIRGAS COURT’S RESERVATIONS ABOUT SHAREHOLDERS’ SHORT-TERM AND LONGTERM INTERESTS IN TAKEOVERS
This Note explores the incentives and preferences of shareholders in takeovers. This analysis is conducted in the context of the Delaware Chancery Court’s February 2011 decision in Air Products & Chemicals v. Airgas. In that case, the court’s decision largely turned on whether certain short-term and long-term shareholders have different preferences and incentives in takeovers. [...]
News & Events
- Can Woman Have It All? A Live Webcast with Anne-Marie Slaughter (4/24/2013)
- 13th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities & Financial Law (4/18/2013)
- 13th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities & Financial Law (4/18/2013)
- International In-House Counsel Breakfast Forum Series for Students (4/18/2013)
- Business Law Practitioners Series for students (4/16/2013)
- Fordham Corporate Center