Perspectives on Dodd-Frank and finance

Abstract

The Dodd--Frank Wall Street Reform and Consumer Protection Act, passed by Congress in 2010 largely in response to the financial crisis, created the Financial Stability Oversight Council and the Consumer Financial Protection Bureau, among other provisions, it limits proprietary trading by banks, changes the way swaps are traded, and curtails the use of credit ratings. The effects of Dodd--Frank remain a matter for speculation, more than half of the regulatory rulemaking called for in the bill has yet to be completed. In this book, experts on Dodd--Frank and financial regulation -- academics, regulators, and practitioners -- discuss the ways that the law is likely to succeed and the ways it is likely to come up short.