Dodd-Frank Act: With Volcker Rule Delay Where Do We Stand on Reform?

Speaking before the House Financial Services Committee late last month, Federal Reserve Chairman Ben Bernanke announced that the Volcker Rule, one of the most contentious pieces of the Dodd-Frank Act, will not be completed before its July deadline. What does the delay mean for the broader financial regulatory reforms of the Dodd-Frank Act?  

For answers, look to this recent legal commentary on Dodd-Frank Act reforms:

Rodge Cohen: Dodd-Frank Fixes “Too Big To Fail” (Bloomberg Law)

“Rodge Cohen, partner and senior chairman at Sullivan & Cromwell LLP, talks with Bloomberg Law’s Lee Pacchia about the regulatory landscape for banks and financial institutions in the United States after the implementation of Dodd-Frank.”

Former SEC Chairman David Ruder Discusses the ‘Flash Crash’ & Dodd-Frank – Part 1 (MarketsReformWiki)

Former SEC Chairman David Ruder discusses the Dodd-Frank timeline, Volcker Rule & Cost Benefit Rules – Part 2 (MarketsReformWiki)

“Northwestern Law School professor emeritus David Ruder talks to editor/producer Nicole V. Rohr about his experience as SEC chairman during Black Monday in 1987, and also about what stemmed from the subsequent flash crash in May 2010.”

Derivatives Attorney Jim Falvey Discusses the MF Global bankruptcy, the Volcker Rule & Compliance Issues Related to Dodd-Frank (MarketsReformWiki)

“Jim Falvey has been an attorney in the exchange and FCM space for over 15 years. He has served as general counsel of Eurex US and IntercontinentalExchange, as assistant general counsel for CME Group and, most recently, as general counsel and corporate secretary of R.J. O’Brien & Associates.”

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See also: Volcker Rule Will Not Be Ready On Time (Katten Muchin Rosenman LLP)

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Related Commentary:

Dodd-Frank Act: New Test for Bank Expansion (Reed Smith)

Annual Outlook – Keeping Up with Dodd-Frank Implementation (K&L Gates LLP) 

How to Avoid Whistleblower Claims Under Dodd-Frank — Practical Tips for Financial Institutions (Lane Powell PC) 

Latest on Dodd-Frank’s Whistleblower Rules (Snell & Wilmer L.L.P.) 

One Down, One to Go: The SEC Completes the First Required Dodd-Frank Act Regulation D Rulemaking (Morrison & Foerster LLP) 

The Uninvited Guest: Dodd-Frank and the Family Office (Patterson Belknap Webb & Tyler LLP) 

CFTC Holds First Open Meeting of 2012 and Finalizes Key Rulemakings Under the Dodd-Frank Act (Sutherland Asbill & Brennan LLP) 

Dodd-Frank Act: CFTC Adopts Final Rules for Swaps Marketplace 

CFPB Launches Nonbank Supervisory Program 

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