The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) is massive and far-reaching financial reform legislation that will have a major and lasting impact on the financial condition and operations of US banks, nonbank financial institutions, and non-US banking organizations and other financial services organizations doing business in the United States.

Precipitated by the financial crisis that began in 2007, it represents the culmination of many months of intense legislative and executive branch effort and on July 21, 2010, President Obama signed the Dodd-Frank Act into law.

Read our Comprehensive Analysis of the Dodd-Frank Act

On July 27, 2011, Mayer Brown hosted a full day seminar presenting an overview of some of the most significant developments of the last year as well as a preview of what’s to come.

Please view presentation materials here.

Please view video clips of each session from the July 12, 2010 comprehensive seminar, below.

Introduction

Session I:  Protecting the Financial System

This session covers the new structure for systemic regulation and supervision of systemically important banks and non-banks, the new insolvency and orderly liquidation regime for systemically important financial institutions, and the status of “too big to fail.”

Session II: The New Regulatory Framework

This session covers the new regulatory requirements for depository institutions and their holding companies including expanded restrictions on affiliate transactions, the prohibitions on proprietary trading contained in the Volcker Rule and new capital requirements under the Collins amendment.

Session III: Regulating New Markets

This session focused on derivatives regulation, insurance regulation matters and private fund adviser registration.

Session IV: Protecting Investors and Markets

This session covers provisions in the Act adopting risk retention requirements for asset securitizers, reforming credit rating agencies, bolstering the SEC’s enforcement authority, creating private rights of action, improving corporate governance (e.g., say on pay), studying and potentially imposing a fiduciary duty on broker-dealers offering securities investment advice to retail clients, and restructuring and hopefully improving the operations of the SEC.

Session V:  Protecting Consumers

This session covers the establishment, structure, scope and authority of the new Bureau of Consumer Financial Protection, and the significant changes made to the scope of federal preemption of state laws. It also discusses new restrictions on residential mortgage lending and the increased risk of litigation arising from these new consumer protection.

Session VI: The Legislation’s Global Impact

This session looks at the EU perspective, the possible “off-shoring” of US financial markets activities and the potentiaal extraterritorial impact on non-US banking organizations.