Financial Regulatory Reform: How Does It Help, How Does It Hurt?
Monday, May 2, 2011 / 11:00 am - 12:15 pm
, Chairman, Millstein & Co. LLC; former Chief Restructuring Officer, U.S. Treasury Department
, Chairman, President and CEO, Allstate; Deputy Chairman, Federal Reserve Bank of Chicago
The Dodd-Frank bill was designed to be a sweeping overhaul of the U.S. regulatory system. But it punted on some key points, most notably the fate of GSEs. With most major pieces of reform legislation, the devil is in the details - and Dodd-Frank left many of the details to be filled in by regulators after the fact. How long will it take for hundreds of new rules to be unveiled and implemented? Have we managed to rein in systemic risk? Is "too big to fail" truly solved? How will the new laws affect commercial banks' global competitiveness? How effective will the new Consumer Financial Protection Bureau be? This panel brings experts, regulators and practitioners to the table to discuss these issues.