The Volcker rule launched a transparency-focused overhaul of derivatives markets regulation with the aim of helping market participants with counterparty risk.

The Act instituted a radically new approach to scenario analysis and stress testing. Specifically, the Dodd-Frank Act Stress Test (DFAST) is for banks with assets above USD 10 billion, while the Comprehensive Capital Analysis and Review (CCAR) is for banks with assets above USD 50 million.

The orderly liquidation authority imposes a prohibition on proprietary trading, as well as the partial or full ownership/partnership of hedge funds and private equity funds by banking entities.