Proposal 1: Dodd Frank: Performance Check

The financial regulation passed towards the end of the financial crisis known as Dodd Frank has been one of the most controversial topics on Wall Street. The initial intention of the rule was essentially to assure that banks would not be highly leveraged and would not take on as great amounts of risks as they have in the past. Currently, there is much opposition to the rule on Wall Street and many believe that it has had more of a negative impact on the economy than positive. Well folks, I guess we will now begin to see the truth. A think tank has recently been created that will see research the performance of the overall economy and financial regulatory system after Dodd Frank. The BiPartisan Policy Center (BPC) announced this during the announcement of its new Financial Regulatory Reform Initiative. This think tank will now be focusing on what aspects of the “recent” regulation of Dodd Frank is working well and what aspects need major improvement. The goal is for the BPC to “propose concrete and actionable recommendations for incremental changes to the legislation, as well as more substantive reforms to fill the gaps left from Dodd-Frank”.Image


5 responses to “Proposal 1: Dodd Frank: Performance Check

  1. I think the Dodd Frank act would be a very interesting topic to pursue in a paper. There has been a lot of criticism surrounding it and the consensus seems to be that it will not survive as it is for long. Looking into proposed changes and what specific parts are being fought against currently would be a a big task since it is a lengthy piece of legislation. It seems appropriate, then, that an entire think tank would be needed to analyze it.

  2. Thanks Jordi!! I think overall there will be a great deal of focus surrounding the Volcker Rule. This seems to be the main issue frustrating a lot of the banks. Many believe that if Prop-trading is brought back then there will be more volume to the stock market. I am looking at their track-record now, but I think the fact that this is a bi-partisan issue will be great because it will not be looked at as a “biased” ruling.

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