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Wednesday, July 16, 2014

BPC Recommends Improvements to Dodd-Frank

The Bipartisan Policy Center’s (BPC) Financial Regulatory Reform Initiative has released the Top Ten Solutions for Regulators to Improve Upon Dodd-Frank and the Top Ten Solutions for Congress to Improve Upon Dodd-Frank. The lists highlight key areas for regulators and Congress to address the significant challenges that remain with the implementation of Dodd-Frank.

From the BPC press release:
Key recommendations for congressional action include raising the SIFI threshold for banks from $50 to $250 billion to focus on financial institutions that pose the greatest risks, creating new bankruptcy authority to help better deal with the "too-big-to-fail" problem and giving regulators the authority to tailor prudential standards for non-banks.

BPC also called on regulators to create a consolidated bank examiner force, increase the transparency of FSOC activities to better inform decisions, and add new SIFI "bail-in" rules to make large financial institutions better able to absorb losses instead of taxpayers.
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