Late yesterday, the Federal Reserve proposed rules requiring the nation’s largest banks to hold more capital and to keep it more easily accessible. This is one effort on their part to prevent another financial crisis. Tough specific details are still forthcoming, the requirements are seen as less strict than those put forth for international banks [...]
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Dodd-Frank Wall Street Reform and Consumer Protection Act
Whether you like it or not, the Dodd-Frank Wall Street Reform and Consumer Protection Act is now law. Passed by the Senate finally last week and signed by President Obama yesterday, financial reform will have wide-ranging implications for the financial services sector (including the insurance industry), the rest of corporate America and, really, just the [...]
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Consumer Financial Protection Bureau,
Dodd-Frank Wall Street Reform and Consumer Protection Act,
Federal Insurance Office,
Financial Reform,
Financial Stability Oversight Council,
Office of Financial Research,
SEC