Editor’s Note: This report discusses steps to reduce the likelihood of a future recession and is therefore of great importance to all our readers. Our thanks go to Weil, Gotshal & Manges LLP and its Financial Regulatory Reform Working Group for their efforts.
Heath P. Tarbert
Sunny J. Thompson
On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank" or "the Act"), which was passed in direct response to the global financial crisis.1Just one year later, that Act - representing the most comprehensive package of reforms since the Great Depression - has already...