Title VII rewrote derivatives. Standardised swaps must be centrally cleared and traded on regulated venues, all swaps are reported to data repositories, and dealers must register with the cftc or sec and post margin on uncleared trades. That is why swap spreads and repo behaviour changed permanently after 2010.
Other pieces traders meet include the volcker-rule, stress testing and resolution planning for large banks, the Financial Stability Oversight Council, and an SEC whistleblower program paying a percentage of large recoveries, which materially increased tip quality.
Several provisions were softened later, particularly for mid-sized banks, and some rulemakings took a decade. The derivatives architecture, however, has proved durable and is mirrored by emir in Europe.
Related: volcker-rule, emir, cftc, sec, futures-commission-merchant