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Thursday, December 18, 2014

GAO Releases Report on Dodd-Frank Efforts

The GAO report, Dodd-Frank Regulations: Regulators’ Analytical and Coordination Efforts, examines the regulatory analyses conducted by federal financial regulators, in their Dodd-Frank Act rulemakings, including their assessments of which rules they considered to be major rules and the possible impact of selected Dodd-Frank Act provisions and their implementing regulations on the financial marketplace.

GAO focused on the 54 rules that became effective from July 23, 2013, through July 22, 2014. Thirty-eight rules were substantive, meaning they were generally subject to public notice and comment under APA and therefore required some form of regulatory analysis. OMB identified 15 rules as major rules.

Also, GAO updated indicators from its prior reports that monitor certain risk characteristics of large U.S. bank holding companies. Although changes in the indicators are not evidence of causal links to the act’s provisions, some indicators suggest these companies’ leverage generally decreased and their liquidity generally improved since the act’s passage.

Read the GAO report.

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