The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) is considered the most wide-ranging piece of financial regulation in the US since the Great Depression.
Dodd-Frank was introducedin 2010 in response to the global financial crisis of 2008 to eliminate various risks across America’s wider financial system.
The aim of the regulation is to promote the financial stability of the United States by:
Improving accountability and transparency in the financial system
Ending the “too big to fail” mentality
Protecting the American taxpayer by ending bailouts
Protecting consumers from abusive financial services practices
With 2,300 pages of law and over 225 regulations, Dodd-Frank is a significant piece of legislation to get to grips with. As a result, ensuring compliance with Dodd-Frank continues to be a pressing issue for many firms. SteelEye was launched to help firms comply smarterTM. To learn about how SteelEye can help you comply, book a demo!
