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Banks are about to face more regulatory challenges as the US Federal Reserve and other agencies are due to issue a long-overdue report setting out recommendations preventing financial firms from dealing a devastating blow to the economy, Reuters said today.
The report was due to be completed within 18 months of Dodd-Frank’s approval in 2010, but foot-dragging by regulators has somewhat delayed the exercise.
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Bankers are amongst those dreading the release since after years of contending with the Dodd-Frank Act, they are worried the document ... (read more)