As Michael Reif has detailed in The Brief over the last month, the financial industry has focused special attention on the Dodd-Frank Act while marking its 5th anniversary this week.
Those pushing for financial reform have decried the slowing pace of Dodd-Frank implementation. For example, of the 61 new SEC-proposed, Dodd-Frank mandated rules since the Act passed, only 7 have come in the last year.
Meanwhile, even after five years, many industry insiders and their political allies are still pushing back, with a Regulatory Relief bill being debated in the Senate at the moment potentially threatening to “gut the heart of Dodd-Frank.”
Amidst this ongoing struggle, institutional investors are still generally strong supporters of Dodd-Frank and its effort to address systemic risk to the financial system. Pensions & Investments.
S.P. Slaughter
Follow me on Twitter: @SP_Slaughter
Those pushing for financial reform have decried the slowing pace of Dodd-Frank implementation. For example, of the 61 new SEC-proposed, Dodd-Frank mandated rules since the Act passed, only 7 have come in the last year.
Meanwhile, even after five years, many industry insiders and their political allies are still pushing back, with a Regulatory Relief bill being debated in the Senate at the moment potentially threatening to “gut the heart of Dodd-Frank.”
Amidst this ongoing struggle, institutional investors are still generally strong supporters of Dodd-Frank and its effort to address systemic risk to the financial system. Pensions & Investments.
S.P. Slaughter
Follow me on Twitter: @SP_Slaughter
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