Wall Street Reform & Consumer Protection Act (Dodd-Frank) | Relevance During Banking Crisis #shorts

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The Dodd-Frank Act is a legislation that was passed by the US Congress in 2010. The objective of this Act was to ensure stability of US financial institutions preventing them from taking excessive risks and enforcing bank stress tests and regulatory oversight. In light of the recent bank-fails, US regulators have started investigating why they happened even when Dodd-Frank regulations are in effect.
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