Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Dodd-Frank: Title I - Financial Stability

Read a random definition: law question

A quick definition of Dodd-Frank: Title I - Financial Stability:

Dodd-Frank is a law that helps keep the United States' financial system stable and safe. It created two new government departments, the Financial Stability Oversight Council (FSOC) and the Office of Financial Research, to watch over big financial companies and make sure they don't cause problems. The FSOC can tell companies to follow rules to reduce risk, and even stop them from doing certain things if they could hurt the economy. The law also makes sure that foreign financial companies follow the same rules if they want to do business in the United States.

A more thorough explanation:

Definition: Title I of the Dodd-Frank Act is a law that expands federal research, evaluation, and oversight of large financial institutions to manage risks to the financial stability of the United States. It establishes two new government departments, the Financial Stability Oversight Council (FSOC), and the Office of Financial Research, an office within the Treasury. Title I also expands the authority of the Board of Governors of the Federal Reserve System to allow for supervision of certain nonbank financial companies and large bank holding companies that could have a substantial impact on the United States economy.

Example: Before the Dodd-Frank Act, some financial institutions were not under government supervision, despite their potential to impact the financial stability of the United States. Title I expands the supervision and regulation of these previously unsupervised financial companies.

Explanation: The establishment of new departments and offices to research and monitor will likely lead to stronger supervision of large companies. The Financial Stability Oversight Council (FSOC) has the authority to evaluate and identify nonbank financial companies that will be under heightened supervision by the FSOC and the Board of Governors of the Federal Reserve System. The Board of Governors has the authority to impose more stringent supervisory standards on those covered financial companies. These regulations are tied to the same risk factors considered by the Federal Stability Oversight Council (FSOC), including liquidity requirements, risk management processes, resolution plan reports, credit exposure reports, and limits on risk concentration.

Dodd-Frank: Definitions | Dodd-Frank: Title II - Orderly Liquidation Authority

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
16:46
wtf
16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
IrishDinosaur
13:38
I'm convinced USC doesn't really exist
IrishDinosaur
13:38
it's an elaborate hoax
i showed a guy at asd my lsd profile. little does he know that im an influencer
babycakes
16:36
u such a crazy flexer
LSD+ is ad-free, with DMs, discounts, case briefs & more.