| Statement on the Anniversary of the Dodd-Frank Act

While the worst of the financial crisis is behind us, the Commission intensively continues its critical work beyond the Dodd-Frank Act to fulfill our obligation to protect investors, enhance market stability, and promote capital formation.  Doing so today requires a dynamic, persistent assessment of the risks to investors and markets, as well as to the financial system as a whole.  

To address the risk of a recurrence of the investor runs we saw during the crisis, for example, we adopted transformative rules that will fundamentally change the way money market funds operate.  We also now require additional safeguards from the broker-dealers who manage customers’ securities and cash.  And we are continually working to assess and address specific elements of today’s equity market structure to optimize them in the interests of investors and public companies.

The Dodd-Frank Act was designed to strengthen our financial system, and the Commission has furthered that goal both through our implementation of the statute and through our own initiatives. Lasting reform – not just “checking the box” for a list of rules – is the only way we can safeguard against another financial crisis.  With increased transparency, better investor protections, and new regulatory tools, the Commission continues to work towards a stronger marketplace and financial future for all Americans.  

via | Statement on the Anniversary of the Dodd-Frank Act.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s