Simple English definitions for legal terms
Read a random definition: assumption
Title VI of the Dodd-Frank Act is a law that aims to regulate and supervise bank holding companies, savings association holding companies, and depository institutions to prevent them from posing a threat to the financial stability of the United States. It includes several provisions that require these institutions to be well capitalized and well managed, and it introduces the "Volcker Rule," which prohibits banking entities from engaging in proprietary trading.
These examples illustrate how Title VI aims to regulate and supervise bank holding companies, savings association holding companies, and depository institutions to prevent them from posing a threat to the financial stability of the United States. By requiring these institutions to be well capitalized and well managed, and by prohibiting them from engaging in certain activities, Title VI aims to protect the financial system from potential risks.
Dodd-Frank: Title V - Insurance | Dodd-Frank: Title VII - Wall Street Transparency and Accountability