Focus On


Financial
Regulation

Scroll to Start

Tap to Start

The National Bank Act of 1864 established
the U.S. banking system.

It was 29 pages long.

The National Bank Act of 1864 established
the U.S. banking system.

It was 29 pages long.

The Federal Reserve Act created the Federal Reserve system.

It was 32 pages long.

Element 5
Element 6

In October of 1929, the U.S. Stock Market
lost over 12% in value - $30B

The Glass Steagall Act reformed financial services after the crash.

It was 93 pages long.

The 848-page Dodd Frank Act was passed in 2010
in response to the 2008 financial crisis.

Over 14,000 pages of rules have been written to implement the legislation.

That's 28 times as long as The Odyssey.

Dodd Frank is the largest mandate in generations

235 rulemakings...
 

...already generating 41
reports and 71 studies...

...by 11 different Federal
Agencies and Bureaus.

In the European Union, MiFID II is just one of a number of new and updated legislative texts regulating the financial markets

There have been consulation on Level 2 rules published by both ESMA and national regulators totaling over 1,600 pages for MIFID II.

Map 1
Map 2

The MIFID Directive will need to be transposed
into law in all 28 EU Member States.

In the aftermath of the financial crisis policy makers around the world set about instituting fundamental reform of the global financial system to build a safer and more resilient financial system.

The financial industry now faces an unprecedented global regulatory landscape that is complex and rapidly changing.

BNY Mellon's deep understanding of the regulatory landscape enables us to provide innovative solutions.

Back to top