Politics

The Good the Bad and the Ugly in the Dodd Bill

By Mary Bottari

Here are some highlights regarding the 1,300 page bank reform bill released by U.S. Senator Chris Dodd (D-CN) yesterday.

THE GOOD
1) Capital requirements and leveraging requirements to be set by regulators (although some reformers would like these set in law to makes sure they do the job).
2) Creates a council of systemic risk regulators called a Financial Stability Oversight Council, which is generally a good idea. We don?t want to just leave it to the Federal Reserve.
3) Obama?s ?Volcker Rule? included, not perfect, but at least it made the cut.

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Full post as published by PR Watch on March 16, 2010 (boomark / email).