Summary
The Federal Reserve has finally gotten around to creating an office to implement what Congress calls the Dodd-Frank Wall Street Reform and Consumer Protection Act, better known as "Finreg" to those of us who pay for paper out of pocket.
The office, to be run by J. Nellie Liang, an accomplished Fed staffer, is the first of what could be dozens of operations needed to bring financial reform to life. The Securities & Exchange Commission, for example, is required by the law to complete more than 100 rulemaking provisions, most by next July, along with 20 studies and the establishment of five new offices. The SEC says it needs 800 new staffers to get the ball rolling.See the full content of this document
Extract
Commentary: Rethink Reform
The nascent Commodity Futures Trading Commission has ide...
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