Dodd-Frank Act introduces a set of abbreviations, insider phrases

04/21/2011 | Wall Street Journal, The

In the 1930s, an overhaul of financial regulation introduced abbreviations -- SEC, FDIC and FHA -- that became part of the financial lexicon. The Dodd-Frank Act has created more initialism, insider phrases and buzzwords. Rules governing swaps, futures and options involve an overwhelming number of abbreviations, including SEFs, MSPs, DCOs and SDs. They "remain strictly for the Dodd-Frank cognoscenti," said Margaret Tahyar, a partner at Davis Polk & Wardwell.

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