REFORM for Dodd-Frank Act Title VII
Title VII of the Dodd-Frank Act is “WALL STREET TRANSPARENCY AND ACCOUNTABILITY – Regulation of Over-the-Counter Swaps Markets”. It is this element of the Dodd-Frank Act that the Lombard Risk REFORM solution has been configured to address.
Latest press release: “REFORM™ for transaction reporting” goes live to meet Dodd-Frank Act Title VII regulatory deadline” >>>
Press release: “Lombard Risk Dodd-Frank Act engine as solution for Title VII, Regulation of OTC Swaps markets : CFTC and SEC deadlines for real-time reporting” >>>
Join us for the next Dodd-Frank act webinar to find out more about the impact of Title VII Dodd-Frank Act >>>
Download a pdf version of the Lombard Risk REFORM for Dodd-Frank Act Swap data reporting solution sheet >>>
Read Business Insight from Lombard Risk on “Latest Dodd-Frank rulings re: final entity DEFINITIONS” >>>
While the Dodd-Frank Act is a US regulation – it is expected that European regulations from the European Market Infrastructure Regulation (EMIR) and Markets in Financial Instruments Directive 2 (MiFID 2) will become operational towards the end of 2013. The REFORM solution can meet these requirements.
From 16th July 2012 firms executing specified Swaps must submit details of them, ‘real-time’, to a Swap Data Repository (SDR) and, for the duration of the Swap, notify the SDR of any amendments to it in order to meet the Dodd-Frank Act Swap data reporting regulations which are:
- CFTC Part 43 / SEC Rule 901 c: Real-time reporting and public dissemination of Swap transaction and pricing data
- CFTC Part 45 / SEC Rule 901 d: Non-real-time reporting of Swap data to be publicly disseminated.
The Lombard Risk Dodd-Frank Act Swap data reporting solution is designed as:
- a GENERIC solution for real-time regulatory reporting needs
- will interface seamlessly with an organisation’s banking systems and
- does not have dependencies on any specific system(s).
Lombard Risk REFORM for transaction reporting meets Dodd-Frank Act Title VII, European Market Infrastructure Regulation (EMIR) and Markets in Financial Instruments Directive 2 (MiFID 2) requirements.