Conference condemns Dodd-Frank limits on intervention
2010 reform act robbed the US authorities of the powers it used to fight crisis, conference hears
The US 2010 Dodd-Frank Act, and other reform efforts put in place since the financial crisis, have undermined US authorities' ability to use the same tools that were used to stop the spread of the crisis in 2008, a London conference heard today.
Speaking at the London School of Economics' global financial regulatory reform conference, Darrell Duffie, professor of finance at Stanford University, pointed out that the 'ring-fence' limits proposed in the UK already existed in the US.
"Banks are
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