What reform bill affected the regulations around credit default swaps?

The Dodd-Frank Financial Reform Bill is the correct choice because it was specifically enacted in response to the financial crisis of 2007-2008 and aimed to increase oversight and regulation of financial markets, including credit default swaps (CDS). The bill sought to enhance transparency in the derivatives market by imposing regulations on swap dealers and requiring certain swaps to be cleared through central counterparties. This was a significant change, as prior to Dodd-Frank, many credit default swaps were traded over-the-counter with minimal oversight, which contributed to the systemic risks in the financial system.

The Dodd-Frank Act introduced measures such as the requirement for certain derivatives to be reported to trade repositories, which provided regulators with the necessary data to monitor risks in the financial system. Additionally, it aimed to reduce the risk of counterparty defaults through mandatory clearing and the use of margin requirements.

The other options do not pertain specifically to credit default swaps in the same way that the Dodd-Frank Bill does. The Xact Financial Reform Bill and the Swap Transparency Act may refer to specific initiatives or proposals but lack the comprehensive regulatory framework provided by Dodd-Frank. The Banking Accountability Bill, while addressing aspects of accountability in the banking sector, does not primarily focus on