- Real Economy Project PRWatch March 16, 2010
Here are some highlights regarding the 1,300 page bank reform bill released by U.S. Senator Chris Dodd (D-CN) yesterday.
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.