Is Dodd Frank already doomed to fail?

A prominent think tank concludes that the Dodd Frank Act contains the seeds of its own destruction

Friday 6 May 2011 at 09:55

The Dodd Frank Act does not boast many friends in the financial industry. It does not take much asking around to find a banker who believes that its architects – senators Chris Dodd and Barney Frank – have contributed to many firms’ marked difficulties in reaching return on equity targets.

Now, however, the International Centre for Financial Regulation (ICFR) - an independent think tank - has said it believes the legislation will never be fully enacted.