Review of 2010

Crisis? Oh, that crisis...

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The final month of 2009 set the tone for much of this year. Last December, the Basel Committee on Banking Supervision published comprehensive proposals on regulatory capital reform, while the US House of Representatives passed an ambitious bill to reform the over-the-counter derivatives market. These two documents were to frame much of the conversation for the whole of 2010. Seven months on, the Dodd-Frank Wall Street Reform and Consumer Protection Act – the culmination of work that started with