Dodd-Frank Act signed but uncertainty remains
WASHINGTON, DC – The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into US law on July 21 and will doubtless be seen – for good or for bad – as an important chapter in the annals of the financial crisis and its aftermath. For now, interpreting the sprawling bill and what it might mean for the business models of US banks and financial firms, and the risks they run in future, will be difficult. A large number of further study periods and rule-makings are needed.
“The biggest
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