On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The legislation marks the greatest change to the financial landscape in decades, affecting the regulation of domestic and foreign financial institutions, banking entities and commercial companies. Many of the Dodd-Frank Act's provisions rely heavily on rulemaking and interpretation by financial regulators. Since Dodd-Frank's enactment, Davis Polk has offered a growing suite of resources to help institutions and market participants understand and comply with the new requirements and stay informed about recent rules, regulator studies, important dates and upcoming deadlines in the implementation process.
Volcker Rule – Proposed Regulations
The Federal Banking Agencies have released their proposed regulations implementing the Volcker Rule. Rather than prepare a traditional law firm summary, Davis Polk has prepared two sets of graphical slides: one that maps the key restrictions on proprietary trading and another that maps the key restrictions on relationships with hedge funds or private equity funds. Interactive versions of the flowcharts are available at http://www.volckerrule.com.
As a subscription-based product, Davis Polk offers the Volcker Rulemap, a product on the Davis Polk Regulatory Hub.
The Regulatory Tracker is our proprietary resource for understanding and tracking the implementation of the Dodd-Frank Act. Subscribers can sort and search through the Dodd-Frank Act's provisions, read a plain-language summary and view regulatory developments. The Regulatory Tracker is updated daily and includes an interactive calendar of upcoming events and deadlines. Tracker subscribers receive a daily email alert of the previous day's regulatory activity, including rulemaking, commentary and hearings. For more information on the Tracker, email
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View the Regulatory Tracker Brochure.
The Regulatory Hub is our online Dodd-Frank implementation platform. Products available on the Hub include Swap Dealer Rulemaps, which break down proposed and final rules into their requirements and extract the tasks applicable to swap dealers; the Volcker Rulemap, which breaks down the proposed Volcker Rule into individual requirements; our Table of Title VII Self-Effective provisions, which clarifies the status of more than 200 Title VII provisions given regulatory guidance and temporary relief; and our Swap Dealer Summary Memorandum, a narrative explanation of relevant rules, updated on a regular basis. For more information, email
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View the Regulatory Hub Swap Dealer brochure.
View the Regulatory Hub Volcker Rulemap brochure.
Davis Polk Corporate Governance Blog – Dodd-Frank Section
The Davis Polk Corporate Governance Blog – Dodd-Frank Section collects real-time observations and opinions from senior Davis Polk lawyers on the most important and pressing practical implications of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This site is a companion to the more substantive memoranda and updates that Davis Polk regularly publishes and that are available in the Dodd-Frank Resource Center on Davis Polk’s public website.
Access the Dodd-Frank section of the blog.
Our comprehensive Dodd-Frank Summary Memorandum, published on July 21, 2010, breaks down the important provisions of the Dodd-Frank Act and gives an overview of their potential impact on the financial system. We also released a set of Dodd-Frank Implementation Slides, which show the timeline for rulemaking and effectiveness of each of the Dodd-Frank Act's major titles, including a timeline of a potential designation of systemically important financial institutions and a timeline of action in the event of the exercise of the FDIC's new Orderly Liquidation Authority.
View Dodd-Frank Summary Memorandum.
View Dodd-Frank Implementation Slides.
Davis Polk Webcast Series – Dodd-Frank: One Year Later
Marking the one-year anniversary of the signing of the Dodd-Frank Act, Davis Polk offered a series of live interactive webcasts addressing what has happened over that year, what is likely to happen over the next year and the practical implications for market participants.
Click on the topic to view the webcast. CLE credit is available for each program. Download materials.