Journal Article

The future of financial market regulation

Abstract: Last summer, Congress approved the most sweeping reforms to the financial market regulatory system since the Great Depression with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. But that was only the beginning. Now come the details?hammering out more than 250 rules among 11 different regulatory agencies (the Federal Reserve itself is responsible for developing more than 50 new rules). Many of the rules are geared toward the same goal?preventing a replay of the financial crisis that crippled the economy from 2007 through 2009.

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Forefront

Publication Date: 2011

Issue: Winter

Pages: 1-2