[41] While formal arrangements for routine international coordination in monetary policy are difficult to reconcile with the domestic mandates of central banks, they have shown their capacity for joint action during crisis periods.
Moreover, the act strengthens the resiliency of the financial market infrastructure by mandating increased central clearing and transparency for over-the-counter derivative transactions and stronger prudential regulation of bank and nonbank derivatives dealers. The act also provides for the registration of advisers to hedge funds and other private investment funds, improved regulation of credit rating agencies, and more-consistent oversight of systemically important financial market utilities.