Interpreting | 2010.08.10
A.M. Best Special Report: Financial Reform Legislation Leaves Much Unresolved on Systemic Risk
OLDWICK, N.J.--(BUSINESS WIRE)--The newly enacted Dodd-Frank Wall Street Reform and Consumer Protection Act leaves many details for regulators to interpret and implement, with significant ambiguities and daunting issues to be sorted out via the rule making process. Of particular importance is the functioning of the Financial Stability Oversight Council, to be created to address systemic risk. While it remedies various problems of the previous regulatory environment, questions remain as to whethe
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