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References
CCH Attorney-Editor Staff, Dodd-Frank Wall Street Reform and Consumer Protection Act. Law, Explanation and Analysis (Wolters Kluwer Law & Business 2010) 1623 pp., ISBN 978-0-8080-2164-3
References
The Economist, 18 February 2012, available at: <http://www.economist.com/node/21547784?fsrc=scn/tw/te/ar/toobignottofail>.
In his remarks on 21st Century Financial Regulatory Reform on 17 June 2009, President Obama stated that his administration ‘is proposing a sweeping overhaul of the financial regulatory system, a transformation on a scale not seen since the reforms that followed the Great Depression’.
H.R. 4173, 111th Cong. (2010).
Counted by the Davis Polk law firm in its publication Summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Enacted into Law on July 21, 2010 (2010), at p. i.
The purpose of the Act is stated at the very beginning of the law text.
See, e.g., the GAO report Dodd-Frank Act Regulations. Implementation Could Benefit from Additional Analyses and Coordination (November 2011), GAO-12-151, at p. 29.
See the book, ¶2575, ‘Proprietary Trading, Hedge Funds and Private Equity Funds-Volcker Rule’, p. 227 et seq.
B. Webel, The Dodd-Frank Wall Street Reform and Consumer Protection Act: Issues and Summary, CRS Report for Congress (2010), summary page.
See D.A. Skeel, Jr, ‘The New Financial Deal: Understanding the Dodd-Frank Act and Its (Unintended) Consequences’, University of Pennsylvania Law School, Institute for Law and Economics, Research Paper No. 10–21 (2010).
See also D. Cho and B. Applebaum, ‘Obama’s “Volcker Rule” Shifts Power Away from Geithner’, The Washington Post, 22 January 2010.
Title VI, Section 619 of the Dodd-Frank Act stipulates banking entities may not invest more than 3% of their tier 1 capital in a hedge fund or private equity fund and they may only have up to 3% ownership of any private equity or hedge fund.
See R. Grim, ‘GOP Blocks Three Key Anti-Wall Street Amendments’, Huffington Post, 18 May 2010.
See M. Taibbi, ‘Wall Street’s Big Win’, Rolling Stone, 4 August 2010.
See, e.g., S.T. Omarova, ‘The Dodd-Frank Act: A New Deal for a New Age?’, 15 North Carolina Banking Institute (2011) p. 83.
See the book, ¶3005, ‘Introduction’, p. 248 et seq.
See the book, ¶4515, ‘Creation of the Bureau’, p. 484 et seq.
See the book, at p. 367.
See the book, at p. 465.
See also V. Acharya, et al., ‘The Dodd-Frank Wall Street Reform and Consumer Protection Act: Accomplishments and Limitations’, 23 Journal of Applied Corporate Finance (2011) p. 43, at p. 52.
Congressional Budget Office Cost Estimate (21 April 2010), at p. 2.
See A.E. Wilmarth, Jr, ‘The Dodd-Frank Act: A Flawed and Inadequate Response to the Too-Big-to-Fail Problem’, 89 Oregon Law Review (2011) p. 951.
See supra n. 9.
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Zhang, X. Dodd-Frank Wall Street Reform and Consumer Protection Act. Law, Explanation and Analysis. Eur Bus Org Law Rev 13, 298–303 (2012). https://doi.org/10.1017/S1566752912000225
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DOI: https://doi.org/10.1017/S1566752912000225