A set of rules for regulating the financial market that came into force in the summer of 2010 as a result of the financial crisis in the USA following the subprime crisis. The key points are – protection of consumers against unfair financial transactions, – the obligation for the financial sector itself to restructure an institution in distress, and – restrictions on proprietary trading, investments in hedge funds and private equity. For the implementation of Basel III, the following is important: – the prohibition of relying on external
ratings is of importance. – Opinions are divided on the ability of the Dodd-Frank Act to prevent future financial crises through the provisions it prescribes.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/