FEDERALhearing transcript

Assessing Five Years of Global Derivatives Reform

Original title: DODD-FRANK TURNS FIVE: ASSESSING THE PROGRESS OF GLOBAL DERIVATIVES REFORMS

January 1, 2015

financial regulation derivatives Dodd-Frank Act international trade economic policy

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The Frame

What this does

This hearing evaluates the effectiveness of financial regulations established after the 2008 crisis, which dictate how global markets operate and how risks are managed across international borders.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Financial Institutions

These entities must comply with new clearing, margining, and reporting requirements for derivatives.

Global Regulators

They are tasked with coordinating international standards to ensure consistent implementation of financial reforms.

What changed

Last recorded activity January 1, 2015.

What's next

Next step not available in the current record.

Summary

The House Committee on Agriculture held a hearing to review the progress and impact of global reforms five years after the passage of the Dodd-Frank Act. The committee examined how international regulatory coordination has affected market safety and cross-border financial standards.

Key Facts

The hearing took place on July 29, 2015, to mark the five-year anniversary of the Dodd-Frank Act.
Global leaders identified five core reform categories: clearing, margining, electronic execution, data reporting, and capital standards.
The G20 summit established the necessity of international cooperation among regulators to manage the global nature of swaps markets.
The hearing focused on the consistency of implementing these reforms across different national jurisdictions.

Why It Matters

This hearing evaluates the effectiveness of financial regulations established after the 2008 crisis, which dictate how global markets operate and how risks are managed across international borders.

Frequently Asked Questions

What are derivatives?

are financial contracts whose value is based on an underlying asset, group of assets, or benchmark.

Why was this hearing held?

To assess the progress and challenges of global financial reforms implemented after the 2008 financial crisis.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Related Legislation

hearing_transcript

Congressional Hearing: Assessing the Dodd-Frank Act Five Years Later

The House Committee on Financial Services held a hearing on September 17, 2015, to evaluate the impact of the Dodd-Frank Wall Street Reform and Consum

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Global Regulatory Coordination

The hearing highlights a shift toward international standardization of financial rules to prevent regulatory arbitrage across borders.

G20

Connected Entities

personChristopher S. Edmonds“Senior Vice President, IntercontinentalExchange, Inc.”Map →

personJohn E. Parsons“Senior Lecturer, MIT Sloan School of Management”Map →

organizationHouse Committee on Agriculture“Congressional committee overseeing the hearing”Map →

personTerrence A. Duffy“Executive Chairman and President, CME Group”Map →

personLarry E. Thompson“Vice Chairman and General Counsel, Depository Trust and Clearing Corporation”Map →

personK. Michael Conaway“Chairman of the House Committee on Agriculture”Map →

personScott D. O'Malia“CEO, International Swaps and Derivatives Association, Inc.”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy30
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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