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Cost-Benefit Analysis Puts the Brakes on Dodd-Frank


A series of letters sent to federal regulators, requesting a cost-benefit analysis of the provisions of the "Dodd-Frank Act", has been key in slowing down the implementation of many portions of the financial reform law.  A February letter to the SEC, CFTC and other banking regulators from SIFMA, the Clearing House, the Financial Services Roundtable and the ABA urged the conducting of a "rigorous cost-benefit analysis", while a similar letter from Bank of America stated that the "Volcker Rule" should be written based on the cost-benefit analysis required by a 2011 federal court ruling.  (Read the full story here.)

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