REVIEW OF THE US FINANCIAL REGULATION BILL —A LARGE-SCALE RISK CONTROL UNDER MIXED REGULATORY FRAMEWORK
Yunfeng Wu
Front. Law China ›› 2013, Vol. 8 ›› Issue (2) : 410 -421.
REVIEW OF THE US FINANCIAL REGULATION BILL —A LARGE-SCALE RISK CONTROL UNDER MIXED REGULATORY FRAMEWORK
When President Obama signed “Dodd-Frank Wall Street Reform and Consumer Protection Act,” the US financial regulatory reform was basically outlined. This paper focuses on the evaluation of this reform with regard to the “Eye of the Storm” of the subprime crisis and summarizes the main contents of the bill. Studies suggest that this is a successful financial regulatory reform and the widest range of financial regulatory reform since the last century’s “Great Depression,” in that the bill has established a new framework of risk management with the characteristic of mixed regulation.
Higher Education Press and Thomson Reuters
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