Posted on July 21, 2014
In response to the worst financial crisis in more than 75 years, U.S. policymakers undertook wide-ranging reforms. For example, the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) aims, among other things:
- to promote the financial stability of the nation by improving accountability and transparency in the financial system,
- to deal with issues around "too big to fail,"
- to protect taxpayers by ending bailouts, and
- to protect consumers from abusive financial services practices.
- Regulators’ efforts to implement the Dodd-Frank Act;
- Potential effects of the Dodd-Frank Act on financial stability;
- The new Financial Stability Oversight Council, which is charged with identifying risks to U.S. financial stability and includes representatives of the various financial regulators;
- Options for resolving large, systemically important financial institutions that fail; and
- Options for compensating market participants such as credit rating agencies.