Is Dodd-Frank too far-reaching?

摘要

WHAT IS IT? The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping change to financial regulation in the US since the Great Depression. The complexity of Dodd-Frank means that US law makers are struggling with their gargantuan task. A report from law firm Davis Polk published in July reveals that 14 regulations were finalised in June, suggesting that regulators will find it hard to manage the 122 rules with a deadline between 16 and 21 July (Dodd-Frank's actual birthday).