# Dodd-Frank Wall Street Reform and Consumer Protection Act

- Canonical URL: https://www.gerhardmerk.de/dodd-frank-wall-street-reform-and-consumer-protection-act
- Post ID: 592059
- Modified: 2023-07-25T21:01:27+00:00
- Language: en

## Definition

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. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! 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/

## Machine-readable

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