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Deregulating Wall Street

delete2018-11-01
delete3
PRE
AI
M
Matthew Richardson *
K
Kermit L. Schoenholtz
L
Lawrence J. White
DOI:10.1146/annurev-financial-110217-022513delete
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Abstract

Abstract

En 中文
We argue that implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act has contributed significantly to the reduction of systemic risk in the United States. However, Dodd-Frank also introduced burdensome rules that have little to do with systemic risk. This article evaluates the trade-off between capital regulation and regulation of scope in the context of Dodd-Frank, with a particular emphasis on the Volcker Rule. Recent regulatory reforms aimed at rolling back Dodd-Frank are evaluated and discussed.
Keywords:
Dodd-Frank Act
CHOICE Act
Economic Growth
Regulatory Relief
and Consumer Protection Act
prudential regulation
capital requirements
Volcker Rule
AI Summary

AI Summary

Key information extracted from the uploaded paper, including a brief overview, abstract, background, key highlights, visual analysis, and future outlook.

Journal

A
Annual Review of Financial Economics
IF:
5.2
Papers:
0
Citations:
0

Organization

N
New York University
Scholars:
4.4W
Papers: 3.9W
Citations: 5.8W