Introduction to Dodd-Frank Act
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A step-by-step guide covering Python, SQL, analytics, and finance applications.
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The Dodd-Frank Act is part of President Obama’s intent to re haul the financial institution framework in America. The Act aims at improving transparency and accountability in the American financial system. This act is an outcome of introspection and analysis post the biggest financial crisis in the United States of America since the Great Depression.
The Act has sixteen titles. They are:
Title 1: Financial Stability
Title 2: Orderly Liquidation Authority
Title 3: Transfer of Powers to the Comptroller of the currency, the corporation (Federal Deposit Insurance Corporation) and the board of governors (of the Federal Reserve System)
Title 4: Regulation of advisers to Hedge funds and others
Title 5: Insurance
Title 6: Improvements of Regulations to Banks and Savings association holding companies and Depository Institutions
Title 7: Wall Street Transparency and Accountability
Title 8: Payment Clearing and Settlement Supervision
Title 9: Investor Protections and Improvements to the
Title 10: Bureau of Consumer Financial Protection
Title 11: Federal Reserve System Provisions
Title 12: Improving Access to mainstream financial institutions
Title 13: Pay it back Act
Title 14: Mortgage Reform and Anti-Predatory Lending Act
Title 15: Miscellaneous Provisions
Title 16: Section 1256 Contracts