Found 6 article(s) for author 'Dodd-Frank Act'

Dodd-Frank regulations good and bad for financial system, Harvard director says

Dodd-Frank regulations good and bad for financial system, Harvard director says. Hal Scott, September 11, 2018, Video, “Hal Scott, director of the program on International Financial Systems at Harvard Law School, and Sebastian Mallaby, the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations, discuss what triggered the financial crisis in 2008 and if we are safe from another.Link

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As Congress Rolls Back Banking Regulations, One Historian Urges Caution

As Congress Rolls Back Banking Regulations, One Historian Urges Caution. Nancy Koehn, May 29, 2018, Audio, “This month, Congress approved changes to the 2010 Dodd-Frank Act, a series of banking reforms passed in the wake of the 2008 financial crisis to stabilize the nation’s economy.  The rollback is limited, applying only to midsize and regional banks. Restrictions on the country’s largest banks are still in place. However, Harvard Business School historian Nancy Koehn cautioned against deregulating the industries responsible for the 2008 crisis too quickly.Link

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Don’t Bank on Bankruptcy for Banks

Don’t Bank on Bankruptcy for Banks. Mark Roe, October 18, 2017, Opinion, “As a part of their efforts to roll back the 2010 Dodd-Frank Act, congressional Republicans have approved a measure that would have courts, rather than regulators, oversee megabank bankruptcies. It is now up to the Trump administration to decide if it wants to set the stage for a repeat of the Lehman Brothers collapse in 2008.Link

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GE Capital after the Crisis

GE Capital after the Crisis. John Coates, John Dionne, David S. Scharfstein, April 2017, Case, “Keith Sherin, CEO of GE Capital, faced a decision on which hinged billions of dollars and the fate of one of America’s most storied companies. On his desk sat two secret analyses: Project Beacon, a proposal to spin off most of GE Capital to GE shareholders, and Project Hubble, a proposal to sell off GE Capital in parts. A third document sketched out the implications should GE “stay the course” on its present strategy: a continued, massive build-up of regulatory and compliance personnel to meet GE Capital’s obligations as a “SIFI”—systemically important financial institution—in the wake of the 2010 Dodd-Frank Act.Link

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Larry Summers is worried about ‘enormous damage’ to the economy

Larry Summers is worried about ‘enormous damage’ to the economy. Lawrence Summers, February 27, 2017, Video, “Former Treasury Secretary Larry Summers had strong words for the economic policies and the rhetoric coming from the Trump Administration. In a wide-ranging interview in his offices at Harvard University, Summers called the new administration’s pronouncements on trade for instance “wildly irresponsible” and “potentially very dangerous.” ” Link

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Clearinghouse Overconfidence

Clearinghouse Overconfidence. Mark Roe, August 11, 2013, Paper. “Regulatory reaction to the 2008-2009 financial crisis focused on complex financial instruments that deepened the crisis. A consensus emerged that these risky financial instruments should move through safe, strong clearinghouses, which would be bulwarks against systemic risk, and that the destructive impact of the failures during the crisis of AIG, Lehman Brothers, and the Reserve Primary Fund could have been softened or eliminated were strong clearinghouses in place…” Link verified June 19, 2014

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