Highlights From SIFMA's Regulatory Reform Summit
The same day the Senate passed historic financial regulatory reform legislation, regulators convened with representatives from the financial markets at SIFMA’s Regulatory Reform Summit in New York City. The bill is considered the most sweeping reform of Wall Street since the Great Depression of the 1930’s.
On the afternoon of July 15, during breakout sessions on securitization and investor protection issues at the Summit, the Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act by a 60 to 39 vote. Earlier in the day, attendees heard from the U.S. Treasury, SEC and CFTC, as well as from industry experts speaking on panels about derivatives, market implications, systemic risk, resolution authority and the Volcker Rule.
On Wednesday, July 21, Presdent Obama signed the bill into law.
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