DFAの実施状況 (FRB)
ドッド=フランク法(金融規制改革法)は2010年7月に成立した。が、その実施においては大幅な遅れが出ており、現在、ある情報によると4割ほどである。
目玉の1つである、消費者を金融機関の不正行為から守る目的で設立されたCFPBは1年半は活動を行えなかった。「局長」の選出をめぐって共和党が猛烈に反対を続けたからである。オバマはワレンを示していたが、結局破綻、次にコードレイを指名するも共和党の反対にあい、昨年1月、recess appointment によりようやくコードレイが「局長」としてCFPBは活動を開始することができたのである。彼を上院が承認したのは先月の7月16日のことである(上院民主党指導者リードによる「原爆条項」により共和党が妥協に応じたからである)。
DFAのもう1つの目玉であるヴォルカー・ルールをめぐっては、いまだに最終的な決着をみていない状況が続いている。
下記は、DFAのうち、FRBが関係する箇所についての実施状況がリストアップされている。7名の理事で決定されている(バーナンキを含む)。
Implementing the Dodd-Frank Act: The Federal Reserve Board's Role
The Federal Reserve Board is responsible for issuing a number of rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act" or "DFA"), sometimes in conjunction with other government agencies. Listed below are initiatives completed by the Board, along with some of the proposals the Board has planned through 2013 and proposed rules that are being finalized. Timeframes for upcoming initiatives are estimates and may be adjusted.
Initiatives CompletedProposed Rules Planned In 2013Dodd-Frank Act: Statutory Dates For Actions
Initiatives Completed (2012)
July 2013
Integrated Regulatory Capital FrameworkOn July 2, 2013, the Board issued a final rule to establish an integrated regulatory capital framework implementing in the United States the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision and changes required by the Dodd-Frank Act that include implementing minimum risk-based and leverage capital requirements for certain SLHCs; "generally applicable" minimum risk-based and leverage capital requirements for all banking organizations; removal of references to, and reliance on, credit ratings from capital rules; and the counter-cyclical buffer for advanced approaches banking organizations. (DFA Sections 171, 616, 939A)
Voting in favor: Chairman Bernanke, Vice Chair Yellen, and Governors Duke, Tarullo, Raskin, Powell, and SteinAgainst: None
バーゼルIIIのアメリカでの実施に向けての総合的な規制資本枠組みの確立
June 2013
Swaps Push-Out Provision Applicability to Uninsured U.S. Branches and Agencies of FBOsOn June 5, 2013, the Board issued an interim final rule clarifying the treatment of uninsured U.S. branches and agencies of foreign banks under the so-called swaps push-out provision. (DFA Section 716)
Voting in favor: Chairman Bernanke and Governors Duke, Tarullo, Raskin, Powell, and SteinAgainst: NoneNot voting: Vice Chair Yellen
スワップ排除条項をuninsured 外国銀行のアメリカ支店に適用する
(uninsured とは、Fedにwindowsをもたないということ)
April 2013
Supervisory Assessment FeesOn April 15, 2013, the Board requested comment on a proposed rule to implement a requirement to impose fees on bank holding companies and savings and loan holding companies with assets of $50 billion or more, and nonbank financial companies supervised by the Board, that are sufficient to cover the cost of supervising and regulating these organizations. (DFA Section 318(c))
Voting in favor: Chairman Bernanke, Vice Chair Yellen, and Governors Duke, Tarullo, Raskin, Powell, and SteinAgainst: None
監督評価課金案についてコメントを求める
Retail Foreign Exchange Futures and OptionsOn April 4, 2013, the Board issued a final rule to establish standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers. (DFA Section 742)
Voting in favor: Chairman Bernanke, Vice Chair Yellen, and Governors Duke, Tarullo, Raskin, Powell, and SteinAgainst: None
"Financial Company" Definition for SIFI DesignationOn April 3, 2013, the Board issued a final rule that establishes the requirements for determining when a company is "predominantly engaged in financial activities." The requirements will be used by the Financial Stability Oversight Council (FSOC) when it considers the potential designation of a nonbank financial company for consolidated supervision by the Federal Reserve. (DFA Section 102)
Voting in favor: Chairman Bernanke, Vice Chair Yellen, and Governors Duke, Tarullo, Raskin, Powell, and SteinAgainst: None
外国為替先物およびオプションについての基準の確立
February 2013
Federal Reserve Accounts and Services for Financial Market UtilitiesOn February 26, 2013, the Board issued a proposed rule to amend Regulation HH to give Reserve Banks the authority to provide accounts and services to financial market utilities (FMUs) designated as systemically important by the Financial Stability Oversight Council (FSOC). (DFA Section 806)
Voting in favor: Chairman Bernanke, Vice Chair Yellen, and Governors Duke, Tarullo, Raskin, Powell, and SteinAgainst: None
規則HHの修正案の提示
January 2013
Appraisals for Higher-Priced Mortgage LoansOn January 18, 2013, the Board, along with the CFPB, FDIC, FHFA, NCUA, and OCC, issued a final rule to implement appraisal requirements for higher-risk mortgages (DFA Section 1471)
Voting in favor: Chairman Bernanke, Vice Chair Yellen, and Governors Duke, Tarullo, Raskin, Powell, and SteinAgainst: None
ハイリスクの不動産ローンについての評価条件実施のためのルール
