Banks still waiting on most Dodd-Frank rules
A year and a half has gone by since the Dodd-Frank financial reform act was signed into law, but barely a quarter of the rules in the legislation have been finalized, though federal regulators are rolling out key components of the bill.
Regulators released a highly anticipated proposal on capital and liquidity requirements last week, several weeks after issuing a long-awaited rule on bank trading activity.
The proposals are subject to comment periods and possible amendments before they take effect. As of Dec. 1, regulators have issued 154 proposals, finalized 74 of them and missed 200 deadlines, according to a monthly progress report by law firm Davis Polk. Read the full story in the Washington Post.