Perspectives on Dodd-Frank and Finance - 9780262028035

The Dodd--Frank Wall Street Reform and Consumer Protection Act, passed by Congress in2010 largely in response to the financial crisis, created the Financial Stability Oversight Counciland the Consumer Financial Protection Bureau; among other provisions, it limits proprietary tradingby banks, changes the way swaps are traded, and curtails the use of credit ratings. The effects ofDodd--Frank remain a matter for speculation; more than half of the regulatory rulemaking called forin the bill has yet to be completed. In this book, experts on Dodd--Frank and financial regulation-- academics, regulators, and practitioners -- discuss the ways that the law is likely to succeedand the ways it is likely to come up short.

Placing their discussion in thebroader context of regulatory issues, the contributors consider banking reform; the regulation ofderivatives; the Volcker Rule, and whether or not banks should be forced to stop proprietarytrading; the establishment of the Consumer Financial Protection Bureau, and possible flaws in itsconception; the law and "too-big-to-fail" institutions; mortgage reform, includingqualification requirements and securitization; and new disclosure requirements regarding CEOcompensation and conflict minerals.

ContributorsJames R. Barth,Jeff Bloch, Mark A. Calabria, Charles W. Calomiris, Shane Corwin, Cem Demiroglu, John Dearie, Amy K.Edwards, Raymond P. H. Fishe, Priyank Gandhi, Thomas M. Hoenig, Christopher M. James, Anil KKashyap, Robert McDonald, James Overdahl, Craig Pirrong, Matthew Richardson, Paul H. Schultz, DavidSkeel, Chester Spatt, Anjan Thakor, John Walsh, Lawrence J. White, Arthur Wilmarth, Todd J.Zywicki