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Financial Stability Regulation

In: DODD–FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT Purpose, Critique, Implementation Status and Policy Issues

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  • Daniel K. Tarullo

Abstract

As one would expect of a piece of legislation that has 16 titles and runs 849 pages in the Statutes at Large, the Dodd–Frank Wall Street Reform and Consumer Protection Act ranges widely in addressing problems both directly and indirectly associated with the financial crisis. Taken as a whole, though, the primary aim of those 849 pages can fairly be read as a reorientation of financial regulation towards safeguarding “financial stability” through the containment of “systemic risk,” phrases that both recur dozens of times throughout the statute. The law, explicitly in many provisions and implicitly in many others, directs the bank regulatory agencies to broaden their focus beyond the soundness of individual banking institutions, and the market regulatory agencies to move beyond their traditional focus on transaction-based investor protection.

Suggested Citation

  • Daniel K. Tarullo, 2014. "Financial Stability Regulation," World Scientific Book Chapters, in: Douglas D Evanoff & William F Moeller (ed.), DODD–FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT Purpose, Critique, Implementation Status and Policy Issues, chapter 3, pages 59-82, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814590044_0003
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    Cited by:

    1. Woon Sau Leung & Wei Song & Jie Chen, 2018. "Does Bank Stakeholder Orientation Enhance Financial Stability? Evidence from a Natural Experiment," Working Papers 2018-14, Swansea University, School of Management.

    More about this item

    Keywords

    Dodd-Frank; Financial Regulation; Macroprudential Regulation; Systemic Risk; Volcker Rule; Resolution Authority; Consumer Protection; Central Clearinghouses (CCPs) ;
    All these keywords.

    JEL classification:

    • N2 - Economic History - - Financial Markets and Institutions
    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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