The Dodd Frank Wall Street Reform And - amazonia.fiocruz.br

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The Dodd-Frank Act. The legislation, which was enacted in July , created financial regulatory processes to limit risk by enforcing transparency and accountability. Because the Great Recession of the late s was due in part to low regulation and high reliance on large banks, one of the main goals of the Dodd-Frank Act was to subject banks to more stringent regulation. By keeping the banking system under a closer watch, the Act seeks to eliminate the need for future taxpayer-funded bailouts. To both ensure cooperation by financial insiders and fight corruption in the financial industry, the Dodd-Frank Act contains a whistleblowing provision to encourage those with original information about security violations to report them to the government. Whistleblowers receive a financial reward. The Consumer Financial Protection Bureau works with regulators in large banks to prevent risky business practices that ultimately hurt consumers. The Dodd Frank Wall Street Reform And.

Consistent with section of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the results are based on the supervisory severely adverse scenario and incorporate prescribed Dodd-Frank capital actions.

State Street, like other institutions covered by the provisions of section of the Dodd-Frank Act, is required to conduct company-run stress tests semi-annually under its own methodology and to disclose summary results of those company-run stress tests under the severely adverse scenario.

For more information, visit Frabk Street's website at www. View source version on businesswire.

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