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Financial Reform in the U.S.A Critical Survey of Dodd-Frank and What is Needed for Europe

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Abstract

We review the major provisions of Dodd-Frank, focusing on the monitoring of systemic risk, the limitation on proprietary trading, the regulation of the hedge fund industry, credit rating agencies, and the rules applicable to derivative trading. We compare these provisions with the recent regulatory changes in the EU, and critically assess the potential impact of Dodd-Frank.

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  • Raphaele Chappe & Willi Semmler, 2012. "Financial Reform in the U.S.A Critical Survey of Dodd-Frank and What is Needed for Europe," SCEPA working paper series. 2012-6, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  • Handle: RePEc:epa:cepawp:2012-6
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    File URL: https://www.economicpolicyresearch.org/images/docs/research/financial_crisis/WP_2012-6_Semmler_Chappe_Final.pdf
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    References listed on IDEAS

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    1. Willi Semmler, 2011. "Asset Prices, Booms and Recessions," Springer Books, Springer, number 978-3-642-20680-1, September.
    2. Claudio Borio & Mathias Drehmann, 2009. "Assessing the risk of banking crises - revisited," BIS Quarterly Review, Bank for International Settlements, March.
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    Cited by:

    1. Thomas Theobald, 2015. "Agent-based risk management – a regulatory approach to financial markets," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 42(5), pages 780-820, October.

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