Podcast Location:
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Banking and Financial Services
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast aims to give the listener a comprehensive overview of the provisions in the Dodd-Frank Act that are relevant to non-US banks. Anna Pinedo, a partner in the New York office of Morrison & Foerster, summarises the key areas of the Dodd-Frank Act and looks at the concept of systemically important financial institutions and the mandated studies currently in progress that may have an effect on banks. In particular, the podcast considers how non-US institutions are likely to be affected by the changes and how practitioners can prepare for this. The podcast also clarifies the different categories of institution and the provisions that apply to them respectively. Ms. Pinedo discusses the Volcker Rule and the concept of a nonbank company and permitted activities under the rule. Finally, the rules relating to derivatives and the Lincoln Provision is discussed, before comparing the EU and US regimes.

After completing the course you will:
  • Appreciate the purpose of the Dodd-Frank Act;
  • Understand the concept of a SIFI;
  • Be aware of the mandated studies currently affecting banks;
  • Know the effect the legislation in the US will have on UK institutions;
  • Be able to identify the categories into which an institution belongs;
  • Have an overview of the Volcker Rule and its effect in the UK;
  • Know how UK institutions will be affected by the Lincoln Provision;
  • Appreciate the difference between the EU and US regimes.
Complex Difficulty: 4 of 5
Legislative Updates
Market Update / Hot Topic
Sources and References:
  • Dodd–Frank Wall Street Reform and Consumer Protection Act.

In this CPDcast series in association with Morrison & Forester, US lawyer Anna Pinedo joins the CPDcast team from New York to discuss the provisions in the Dodd-Frank Act and their applicability to banks originating from outside the US.

Podcast last reviewed: 2011-09-05

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