The Dodd–Frank Wall Street Reform and Consumer Protection Act is the most significant piece of financial regulation since the Great Depression, passed as a response to the Global Financial Crisis and subsequent recession. The Dodd-Frank Act will have profound impacts on the entire financial industry, but Title VII – the Wall Street Transparency and Accountability Act – will have particular significance for OTC derivatives trading and market participants.
Picking the wrong deal to finance can lead to public opprobrium. Banks must abandon the fiction that they are mere conduits for their clients if they care about reputational risk