US legislation passed in 2010 that reformed financial regulation after the crisis. It includes central clearing of standard derivatives and the Volcker Rule.
Where you will meet it
Dodd-Frank comes up in 4 learning outcome notes across the FRM syllabus.
A few of them:
Central Clearing FRM Part I · Financial markets and products
“National laws followed, notably Dodd-Frank in the United States and EMIR in the European Union.”
The Governance of Risk Management FRM Part I · Foundations of risk management
“Dodd-Frank (2010) created the Financial Stability Oversight Council, the Volcker Rule limiting proprietary trading, stress tests, resolution plans (living wills) and board risk committees.”
Case Study: Investor Protection and Compliance Risks in Investment Activities FRM Part II · Operational risk and resilience
“Dodd-Frank (US, 2010) created the Consumer Financial Protection Bureau and the Volcker Rule.”
Solvency, Liquidity, and Other Regulation After the Global Financial Crisis FRM Part II · Operational risk and resilience
“In the United States the Dodd-Frank Act of 2010 created the Financial Stability Oversight Council, an orderly liquidation authority for failing large firms, a consumer protection bureau and stress testing requirements.”
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