Source: Wipro

Date: September 2011

Type: White Paper

Rating: (4)

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Overview: The US President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21st, 2010. The Act is essentially a 2,300-page introduction to a new financial regulatory environment that supposedly outlines the most sweeping changes since the great depression, and to the way business is conducted. However, it provides an incomplete road map for the regulatory financial future of the United States since it leaves a lot of details to be defined during the rule-making process. Notwithstanding its incomplete character, the Act will have a significant and immediate impact on all businesses.

Though the overall impact of the Act is wide ranged, for this article, we have limited the scope to deal with the impact it would have on the OTC derivatives market.

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