Dodd–Frank: content, purpose, implementation status, and issues

Douglas Evanoff and William F. Moeller

Economic Perspectives, 2012, vol. 36, issue Q III, 75-84

Abstract: As financial regulation evolved over the past 80 years, it became common to introduce new legislation with the claim that ?this is the most significant regulatory reform since the Great Depression and the Banking Act of 1933.? On July 21, 2010, following the 2008?09 financial crisis, President Barack Obama signed into law the Dodd?Frank Wall Street Reform and Consumer Protection Act (hereafter Dodd?Frank). In the view of many in the industry, Dodd?Frank became the new standard against which all future reforms would be compared.1 The stated goals of the act were to provide for financial regulatory reform, to protect consumers and investors, to put an end to too-big-to-fail, to regulate the over-the-counter (OTC) derivatives markets, to prevent another financial crisis, and for other purposes. The act has far-reaching implications for industry stability and how financial services firms will conduct business in the future.

Keywords: United; States.; Dodd-Frank; Wall; Street; Reform; and; Consumer; Protection; Act. (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.chicagofed.org/digital_assets/publicati ... _evanoff_moeller.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:2012:i:qiii:p:75-84:n:v.36no.3

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Perspectives from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().