Is the US dismantling Dodd-Frank?
Richard Heckinger asks whether recent amendments to the Dodd-Frank Act amount to technical tweaks or full-scale rollback
We all live in and with the ‘political economy’, and financial regulation is certainly a highly visible and important part of our economy. A recent event in the US political economy that affects banks is the enactment of legislation modifying the Wall Street Reform and Consumer Protection Act,1 commonly referred to as the Dodd-Frank Act after its sponsors in Congress. The call to “repeal Dodd-Frank”, frequently heard in recent years, came from several political agendas, but also from lobbying
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