Dodd-Frank and Dual reporting: Difference between pages

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(Add quote from The Treasurer May 2017, p8.)
 
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''US''
The prevailing system of reporting under the European Market Infrastructure Regulation<ref> http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:201:0001:0059:EN:PDF</ref> (EMIR), under which both parties to a transaction  are required to report it.


Abbreviation for the Dodd-Frank Act.
Sometimes known as 'DSR' (Dual-Sided Reporting).


In full, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.


 
The Association of Corporate Treasurers and others are lobbying for a system of single-sided reporting (SSR) of transactions between financial counterparties (FCs) and non-financial counterparties (NFCs), under which only the financial counterparty would be required to report the trade.
The main aims of Dodd-Frank are to:
 
# Promote the financial stability of the United States by improving accountability and transparency in the financial system;
# End "too big to fail";
# Protect US taxpayers by ending bailouts; and
# Protect consumers from abusive financial services practices.
 
 
'''Reference:'''
 
(Sample citation: Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203, § 929-Z, 124 Stat. 1376, 1871 (2010) (codified at 15 U.S.C. § 78o) [Bluebook R. 12.4].)
 
 
<span style="color:#4B0082">'''''Dodd-Frank replacement unveiled'''''</span>
 
:In an ambitious plan to undo the US Dodd-Frank financial reform law, the head of the US House of Representatives banking panel has released a second draft of a replacement act.
 
:... Republicans including President Trump believe Dodd-Frank, which has not been fully enacted, is unduly burdensome on banks and businesses, and restricts lending.
 
:''The Treasurer magazine, May 2017, p8''




== See also ==
== See also ==
* [[Financial Services Committee]]
* [[Financial Stability Oversight Council]]
* [[Independent Commission on Banking]]
* [[EMIR]]
* [[EMIR]]
* [[Living will]]
* [[FC]]
* [[MCT]]
* [[Legal entity identifier]]
* [[Swap execution facility]]
* [[Volcker Rule]]
* [[FATCA]]
* [[MiFID]]
* [[MiFID]]
* [[Know-your-customer]]
* [[NFC]]
*[[Ring fence]]
* [[SSR]]
*[[Too Big To Fail]]
* [[Trade repository]]
*[[Vickers Report]]
* [[Developments in corporate and market regulation: implications for the treasurer]]






===Other links===
== Other resource==
[http://www.treasurers.org/node/6163 Know your onions – US financial reform, Martin O'Donovan, ACT 2010]
[https://www.treasurers.org/ACTmedia/EMIR_Consulation_Response_August_2015.pdf ACT's EMIR Consultation Response, August 2015]


[http://www.treasurers.org/node/6209 The Dodd-Frank Act, Will Spinney, ACT 2010]


[http://uk.practicallaw.com/3-502-8950 Summary of the Dodd-Frank Act: Swaps and Derivatives, Practical Law]
===References===
<references />


[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 21:05, 29 June 2022

The prevailing system of reporting under the European Market Infrastructure Regulation[1] (EMIR), under which both parties to a transaction are required to report it.

Sometimes known as 'DSR' (Dual-Sided Reporting).


The Association of Corporate Treasurers and others are lobbying for a system of single-sided reporting (SSR) of transactions between financial counterparties (FCs) and non-financial counterparties (NFCs), under which only the financial counterparty would be required to report the trade.


See also


Other resource

ACT's EMIR Consultation Response, August 2015


References

  1. ↑ http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:201:0001:0059:EN:PDF
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