ISDA published "The Dodd-Frank Act: Five Years On," a brief analyzing the Act's impact on the derivatives markets over the past five years. ISDA noted progress and outstanding challenges. ISDA highlighted a number of positive changes in the derivatives markets that spurred "improvements in transparency and [a] reduction in counterparty risk . . ." Among the challenges to be resolved, ISDA highlighted the need for regulatory regimes to be consistent and harmonized across borders, and recommended that regulators: (i) work to harmonize rule sets as far as possible to achieve cross-border

The U.S. House of Representatives' Committee on Financial Services ("FSC") released a video about the Dodd-Frank Act and the past five years of what the FSC has deemed to be Dodd-Frank's immense failure. The video maintains that the Dodd-Frank Act has yet to deliver on its promises to "lift the economy," "end too big to fail," and "promote financial stability." According to the video, big banks have gotten bigger, small banks are now fewer and the economic growth of the United States remains weak. See: Financial Services Committee Video: "Dodd Frank: 5 Years of Failures."

A study conducted by Mercatus Scholars Patrick McLaughlin and Oliver Sherouse documented the overall size and breadth of the Dodd-Frank Act and determined that it "may be the biggest law ever." Citing research gathered by the online interactive tool RegData, the study found that the Dodd-Frank Act is associated with more than five times as many new restrictions as any other law passed since January 2009, for a total of nearly 28,000 new restrictions. RegData also showed that more regulatory restrictions were added to Title 12 of the Code of Federal Regulation from 2010 to 2014 than were

FINRA issued the third in a six-part series of podcasts about its Regulatory and Examination Priorities for 2015. The third podcast examines FINRA's sales practice priorities. These priorities include: New Supervision Rules Effective as of December 1, 2014, the new rules will change supervision requirements, including those that pertain to the offices of supervisory jurisdictions and the inspection of non-branch offices. Investor Wealth Events FINRA examiners will be focusing on whether firms have proper controls in place for investor wealth events. Individual Retirement Accounts ("IRAs")

The Board of Governors of the Federal Reserve System (the "FRB") issued a final order establishing enhanced prudential standards applicable to the General Electric Capital Corporation ("GECC"). GECC is a nonbank financial company designated by the Financial Stability Oversight Council ("FSOC"), for supervision by the FRB. According to the FRB press release, substantial similarities exist between the GECC's activities and risk profile and those of a large bank holding company; accordingly, the enhanced prudential standards that have been imposed are similar to those that are applicable to bank