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
Editor: The Dodd-Frank Act presents many new regulatory compliance changes for the financial sector, but also to public companies that had little or nothing to do with the financial crisis. Do you think these "reforms" will provide more benefits than costs?
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...
Mr. Tarbert heads the firm's Financial Regulatory Reform Working Group, and Ms. Odoner and Ms. Dixon are members of that group.Mr. Tarbert is former Special Counsel to the U.S. Senate Banking Committee, and Ms. Dixon is former Chief Counsel of the SEC's Division of Corporation Finance.Ms. Odoner heads the firm's Public Company Advisory Group.