The article discusses behavioral economics-based legal guidelines for supplementing the Dodd-Frank Act's risk management provisions in the U.S. This act imposes a far-reaching regulatory regime on derivatives and market participants. It reveals that Dodd-Frank Act's requirements are basic and do not reflect the regulators' legitimate concerns. It also reflects on rules required by the Federal Reserves including risk committee compositions, obligations requirements and working procedure.
|Number of pages
|University of Pennsylvania Journal of Business Law
|Published - 2013
- United States
- Delegated legislation
- Dodd-Frank Wall Street Reform & Consumer Protection Act
- Reserves (Accounting)