REG- Dodd Frank Flashcards Preview

CPA Courses > REG- Dodd Frank > Flashcards

Flashcards in REG- Dodd Frank Deck (4)
Loading flashcards...
2
Q

What is considered the biggest change to financial regulation since the Great Depression of the 1930s?

A

The Dodd-Frank Wall Street Reform Act of 2010

3
Q

What is the goal of the Volcker Rule?

A

Banking Institutions maintain healthy capitalization ratios

4
Q

How does the Volcker Rule limit banking institutions?

A

Limits banking institutions from owning more than 3% of a hedge fund’s total ownership interest

Limits banking institutions from owning interests in hedge funds that exceed 3% of their Tier 1 capital (Common Stock + Retained Earnings + non-redeemable, non-cumulative Preferred Stock)

5
Q

What does the Volcker Rule require banking institutions to disclose?

A

Relationships with hedge funds must be fully disclosed to regulators