November 29, 2021

Deloitte Suggests Banks Quit Their Bitchin’ and Turn Their Dodd-Frank Frown Upside Down

You've got the 2,300-ish page law all wrong. It is not 2,300-ish pages of annoying encumbrances; it is 2,300-ish pages of OPPORTUNITY:  

Under Wall Street reform […] the largest banks are required to undergo “stress testing” to see how they would perform under potential duress. Deloitte argues there’s a business upside as well, encouraging banks to do more than grin and bear it. “Stress testing can help banks review their balance sheets, see possible outcomes, and change course accordingly,” the firm writes. “Dodd-Frank is formally raising the bar on risk management, creating an opportune moment for banks to look at this as an investment rather than an expense.”

Now go forth and seize the Dodd…uh…Frank.

How Wall Street can stop worrying and learn to love financial regulation [Wonkblog/WaPo]

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