Celent
October 2, 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a vital piece of legislation that will come into full effect over the next few years. Its impact will be far-reaching, and it is expected to be as important for the financial services industry as the Glass-Steagall Act of 1933.
In a new report, Assessing Impact of the Dodd-Frank Act on Derivatives Markets: Change Is in the Air, Celent describes the implications of the Act on the derivatives markets and its leading participants. Already, there have been a number of changes in the regulatory setup, as well as in the structure of the investment banks that dominate the derivatives industry. This report assesses the current impact and possible future developments in light of the Act.
Source: Department of Treasury, Celent analysis
“The Dodd-Frank Act is intended to put in place the regulatory framework for the next decade and beyond,” says Anshuman Jaswal, Celent Senior Analyst and author of the report. “For there to be an ongoing revival in the financial sector, it is crucial that it actually brings about the desired, critical changes in the way the derivatives industry is run.”