Dodd-Frank: the story so far

In on the Act

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The Republican chairmen of the House Committee on Financial Services and the House Committee on Agriculture surprised market participants on April 15 with a bill to extend the deadline for implementing the derivatives section of the Dodd-Frank Act by 18 months to December 31, 2012 – a move that will bring it into line with the schedule agreed by the Group of 20 nations for reform of the financial markets.

Announcing the introduction of the bill, Spencer Bachus, chairman of the House Committee on