The Telecom/IT Impact of Dodd-Frank
At the most recent conference of the Society of Telecommunications Consultants (stcconsultants.org), I was asked about the duties that the Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173) has placed on record retention and maintenance for those entities (financial institutions and organizations) that work in the swap space. Given that the rules in the Act became effective on June 4, 2012, compliance is now law.