Dodd-Frank Repeal: Assessing the Change in the Day-To-Day Activities of Financial Institutions

Abstract

The Dodd-Frank Wall Street Reform and Consumer Protection Act became law on July 21, 2010. The law was enacted to provide stronger regulation to the financial industry following the recession of 2008 leading to what some called the worst economic downturn in the United States Economy since the Great Depression. The essence of the Act is to put in place rules and regulations in the Financial Markets in order to avoid another melt-down similar to the one in 2008.This paper investigates what will happen in the day-to-day activities of certain financial markets if the Act is indeed repealed or modified.