Dodd-Frank’s Regulatory Morass
The costly implementation of the Dodd-Frank Financial Reform Act stems from the law’s political origins.
Roberta Romano is the Sterling Professor of Law at Yale Law School and Director of its Center for the Study of Corporate Law. This essay draws on her recent paper, “Further Assessment of the Iron Law of Financial Regulation: A Postscript to ‘Regulating in the Dark.’” Her earlier paper, “Regulating in the Dark,” was featured in The Regulatory Review.
The costly implementation of the Dodd-Frank Financial Reform Act stems from the law’s political origins.