Five years ago, on July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed. As we look back, we see the changes the financial markets have undergone as well as those that have yet to be implemented. Not all of the changes are attributed to Dodd-Frank, however; there are a plethora of rules that everyone in the industry must now follow.
Commissioner Daniel M. Gallagher of the SEC put together a sampling of some of the rules that have come into effect since July of 2010. This particular chart was the impetus for this blog article. The chart includes rules from many organizations including the SEC, CFTC, OCC, FDIC, OFR, FinCEN and many others. In fact, it doesn’t even include state regulations or FINRA guidelines (See: Rules Applicable to U.S. Financial Services Holding Companies Since July 2010). Of course, this only represents the names of the rules, not the actual size of the documents behind them.Read More