The Dodd-Frank Act: Financial Reform or Business as Usual?
AbstractThis paper revisits the premises and promises of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. It argues that it was based on flawed premises and for that reason failed to lay the foundation for substantive reform. By design, and at the behest of the banks, it lacks the explicit rules and bright lines that are critical to lasting and effective financial regulation. Also missing is a plausible end to "Too Big To Fail" financial institutions, over-leverage, and irresponsible (including fraudulent) risk-taking. The article closes with several concrete suggestions for strengthening regulatory agencies and improving financial regulation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Journal of Economic Issues.
Volume (Year): 46 (2012)
Issue (Month): 2 (June)
Contact details of provider:
Web page: http://www.mesharpe.com/mall/results1.asp?acr=jei
Dodd-Frank; financial regulation; Too Big To Fail;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ian Winship) or (Chris Nguyen).
If references are entirely missing, you can add them using this form.