Dodd Frank: Too Big to Comprehend, "Too Big to Fail"
An IPC Whitepaper
The Global Financial Crisis (GFC) was the worst financial crisis since the Great Depression, causing the loss of 8 million jobs and the bottoming out of the housing market. Globally, legislators and regulators began feeling the pressure that they too shared in the blame for the crisis, based on their lack of proper governance and for allowing the accepted practice of self-regulation of the markets.
In June 2009, President Obama introduced a proposal, which has been revised by Representative Barney Frank and Senator Chris Dodd, focuses on strengthening capital and liquidity requirements, improving OTC derivatives markets structure, expanding regulatory framework and tools, amongst many other goals. This act has now become the Dodd Frank Wall Street Reform and Consumer Protection Act.
Dodd-Frank increases oversight of specific large institutions regarded as a systemic risk to the Capital Market, and includes a strong focus on promoting transparency across all financial institutions, regardless of their size.
Download the whitepaper to learn more on:
• The Dodd Frank Wall Street Reform and Consumer Protection Act
• Implementation Timelines
• List Of Dodd Frank Regulations That Affect Capital Markets
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