In this volume, what are thought to be some of the more important aspects of the Dodd-Frank Act are discussed from a number of perspectives, including that of industry scholars who have been actively involved in evaluating financial regulation, regulators who are responsible for implementing the reform, financial policy experts representing think tanks and banking trade associations, congressmen and congressional staff involved with developing the legislation, and legal scholars. The volume summarizes the act, evaluates how the new regulations are being implemented and how the implementation process is progressing, and discusses modifications that, in the views of the authors, might be needed to more effectively achieve the stated goals of the legislation.

Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition) The Law Library presents the complete text of the Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition). Updated as of May 29, 2018 Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") authorizes the Financial Stability Oversight Council (the "Council") to determine that a nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System (the "Board of Governors") and shall be subject to prudential standards, in accordance with Title I of the Dodd-Frank Act, if the Council determines that material financial distress at the nonbank financial company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the nonbank financial company, could pose a threat to the financial stability of the United States. This final rule and the interpretive guidance attached as an appendix thereto describe the manner in which the Council intends to apply the statutory standards and considerations, and the processes and procedures that the Council intends to follow, in making determinations under section 113 of the Dodd-Frank Act. This book contains: - The complete text of the Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition) - A table of contents with the page number of each section

Signed into law on July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) is the most significant piece of financial legislation since the Great Depression. At over 880 pages for its sixteen titles, this massive new law fundamentally changes financial services law. PLI's new title, Financial Services Regulation Deskbook, walks you through all the significant changes madeby the Act and subsequent implementing regulations. It is organized by subject matter and is accompanied by commentary on the practical effects of the legislation on industry practice, including pointing out areas of legal ambiguity that must be solved only by advocacy with the relevant regulators. The Financial Services Regulation Deskbook walks the reader through all of the significant provisions of Dodd-Frank, including those which - created two new significant federal agencies, the Financial Stability Oversight FSOC (Council) and the Consumer Financial Protection Bureau (CFPB) - require significant heightened prudential standards for systemically significant financial companies - prohibit, subject to exceptions, banks from engaging in proprietary trading and sponsoring and investing in hedge funds and private equity funds - require U.S. banks and other entities that receive federal "financial assistance" to push-out much of their derivatives businesses to nonbank affiliates - create a new "Orderly Liquidation Authority" for systemic financial firms - impose increased prudential regulation on banks and their holding companies; and - for the first time, comprehensively regulate derivatives activities. Written by Arthur Long, a partner at Davis Polk who is a member of the firm's Financial Institutions Group, the Financial Services Regulation Deskbook includes a full discussion of the context surrounding the changes made by Dodd-Frank, including a discussion of the Senate and House legislative history, the specific issues during the economic crisis period that many of the changes were meant to address, as well as the impact of the steady flow of implementing regulations that have been issued since the Act went into effect.