The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation passed during the Obama administration in 2010 as a response to the financial crisis of 2008.

US$52 per 365 days

What is The Dodd-Frank Act:

The global financial crisis catapulted the previously uninteresting topic of financial regulation into the mainstream media. The crisis uncovered systemically poor industry practices that undermined every aspect of the financial services industry. The crisis stopped the mortgage industry in its tracks, devalued real estate, increased unemployment levels, and crippled lenders, banks, and commercial companies. Financial authorities around the world were forced to implement radical overhauls to regulatory regimes that had failed. The US was the first to act. The Dodd-Frank Act, also known as the Wall Street Reform and Consumer Protection Act, was signed into law by President Obama in July 2010. The Act is the most comprehensive set of financial reform measures in the US since the Great Depression. It represented a paradigm shift in the US financial regulatory environment, affecting all federal financial regulatory agencies and almost every part of the nation's financial services industry. Despite this, full implementation of The Dodd-Frank Act has been made difficult by the complexity of the law, delays in the publication of final rules by regulatory agencies, and efforts by lobbyists in Congress and the financial services industry to amend many elements of the legislation.

Why it is important:

The Dodd-Frank legislation is substantial in its length, far-reaching in its effects, and impacts the regulation of financial services activities and how those activities are conducted by domestic and international market participants. The Act comprises 16 titles that address issues as diverse as systemic risk, investor protection, consumer finance, OTC derivatives, proprietary trading, and insurance (among many, many other issues). This course provides detailed coverage of the elements of The Dodd-Frank Act that impact the regulation of financial institutions, including new offices created, capital requirements, and how the Act impacts credit rating agencies. The course also outlines elements of the Dodd-Frank Act that impact trading, including the regulation of OTC derivatives, the Volcker Rule, and the regulation of asset-backed securitization.

What will you learn:

  1. Basics of The Dodd-Frank Act.
  2. Financial Stability Oversight Council (FSOC).
  3. Consumer Financial Protection Bureau (CFPB).
  4. Capital Requirements and the Collins Amendments.
  5. Why OTC derivatives were addressed.
  6. The Volker Rule.
  7. Why Credit Rating Agencies Were Addressed.
  8. Changes to the Regulation of Credit Rating.
  9. Why Asset-Backed Securities Were Addressed.

Target audience:

Finance professionals, bankers, compliance and audit staff, and personnel looking to further their knowledge of the Dodd-Frank Act.

Curriculum:

  1. Dodd-Frank Act Basics
  2. Dodd-Frank Act Implementation
  3. Dodd-Frank Act Financial Stability Oversight Council (FSOC)
  4. Dodd-Frank Act Consumer Financial Protection Bureau (CFPB)
  5. Dodd-Frank Act New Securities Regulation Offices
  6. Dodd-Frank Act Capital Requirements and the Collins Amendment
  7. Dodd-Frank Act Prudential Standards
  8. Dodd-Frank Act Why OTC Derivatives were Addressed
  9. Dodd-Frank Act Changes to the Regulation of OTC Derivatives
  10. Dodd-Frank Act The Volcker Rule
  11. Dodd-Frank Act The Volcker Rule (Prohibitions)
  12. Dodd-Frank Act The Volcker Rule (Permitted Activities)
  13. Dodd-Frank Act Changes to the Regulation of Credit Rating Agencies
  14. Corporate Actions Processing
  15. Dodd-Frank Act Why Asset-Backed Securities were Addressed
  16. Dodd-Frank Act Changes to the Regulation of Asset-Backed Securities
  17. Dodd-Frank Act Why Private Investment Funds were Addressed

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