Dodd-Frank rollback targets asset manager stress tests

Amended Financial Choice Act eliminates stress tests for funds, lobbyist claims

Republicans in Congress set to push Dodd-Frank fixes

The new version of a bill to roll back post-crisis financial reforms in the US would kill a requirement for asset managers to be stress tested, has learned.

Jeb Hensarling, the chairman of the House Financial Services Committee, is preparing to introduce a new version of his Financial Choice Act in the House of Representatives later this month. A draft of the amended bill, which is circulating on Capitol Hill, contains provisions that would eliminate a Dodd-Frank Act provision on stres

To continue reading...