It has spent four years resisting structural overhauls such as the U.S. Dodd Frank Act and the U.K. Vickers reforms, which tried to limit the bets they could make with taxpayer-insured deposits.
Frank, who is one of the name sponsors of the Dodd Frank Act to re-regulate Wall Street after the crash of 2008, suggests the absurdity of a report that warned Wall Street would lose all its financing and investment activity to London and other foreign exchanges.
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As for the next financial crisis, which will most threaten the highly-leveraged, nothing in the Dodd Frank act, or any specific regulation, precludes the Fed from once again deliberately inverting the Treasury yield curve and triggering the next recession and credit crunch, as it has done so frequently in the past.
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Frank of course helped pass the Dodd-Frank act which enabled more shareholder powers but they were after a series of compromises with Republicans, the Business Roundtable, the US Chamber of Commerce and other lobby groups who fight to keep corporate managers protected from being thrown out.
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In the end, this portion of the Dodd-Frank Act was watered down and politically-influenced.
Does the Dodd-Frank act, or any official regulatory provision, specifically and truly end TBTF?
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America's Dodd-Frank act is a single overarching law that directs agencies to issue more detailed regulations.
The Dodd-Frank Act calls for hundreds of new rules to be imposed throughout our financial system.
The Dodd-Frank Act intends to expand this program and the frequency and value of payouts to whistle-blowers.
And Lew will need to defend the Dodd-Frank Act, which overhauled financial regulation after the 2008 crisis.
The solution adopted in the Dodd-Frank act is a step in that direction.
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Some battle with the ambiguities of the Dodd-Frank Act in the US or the Basel III global capital standards.
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And trial lawyers even managed to insert language into the Dodd-Frank Act that bans them in residential mortgage loans.
Congress recently passed the 2, 319-page Dodd-Frank Act to clean up the financial industry and save us from another blowup.
However, under the Dodd-Frank Act, banks this year will need to start phasing out use of trust preferred as capital.
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The 2010 Dodd-Frank Act invented another powerful expansion technique by placing the Consumer Financial Protection Bureau inside the Federal Reserve.
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The Dodd-Frank Act gives the Federal Deposit Insurance Corp. broad new powers to liquidate banks it thinks are insolvent.
Congress sought to address these issues through the much debated Dodd-Frank Act.
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Through provisions in the Dodd-Frank Act the potential pool of whistle-blowers is expanded, even granting eligibility to individuals who provide publically available information.
The CFPB, which was created out of the Dodd-Frank Act, said it discovered Capital One was lying to consumers about the its products.
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Candidates Gingrich, Romney and Congresswoman Michelle Bachmann propose repealing Dodd-Frank Act, which Gingrich argues is crippling loans to small businesses.
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Strong risk controls combined with centralized clearing further align with the objectives of the Dodd-Frank Act to boost transparency and reduce systemic risk.
The Dodd-Frank Act established a Consumer Finance Protection Agency with little to no congressional oversight over its sweeping powers to impose new regulations.
The rules corresponded to a provision passed by Congress in 2010 as part of the Dodd-Frank Act, Section 1504, or the Cardin-Lugar Amendment.
The blueprints contained in the Dodd-Frank Act may have been agreed, but the new foundations and walls must still be laid brick by brick.
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The Dodd-Frank Act established a Financial Stability Oversight Council (FSOC), chaired by the secretary of the Treasury, in order to identify systemically important institutions.
In America, 2012 will also be the year in which many of the rules proposed under the Dodd-Frank Act will make their way into regulations.
The Dodd-Frank Act places emphasis on reducing the possibility of future bankruptcies and seeks to limit the exposure of large banks to risky trading activities.
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And the passage of the Dodd-Frank Act cut in half the processing fees banks can charge merchants, So the profits have to come from somewhere.
The Dodd-Frank Act's Volcker Rule was designed to solve the problem.
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