Would the Dodd-Frank legislation be able to prevent a financial crisis in the future?© BrainMass Inc. brainmass.com June 4, 2020, 2:56 am ad1c9bdddf
In my opinion, the Dodd Frank Act cannot completely prevent another financial crisis, but I do think that it's a proactive step that can at least mitigate a lot of the damage that would occur in another financial crisis. This act was created after the recession that took place in 2007-2008. It established a new set of rules and regulations that must be followed, and several of the regulations are aimed directly at banks and other lending institutions. One of the main problems that was discovered post-recession was that banks and other lending institutions had little oversight -- no one was ...
This solution discusses whether the Dodd-Frank legislation will be able to prevent a financial crisis in the future.