Fed’s Tarullo calls Dodd-Frank reforms a 'formidable task'


Daniel Tarullo, a member of the Federal Reserve Board, discussed the details of the Dodd-Frank Act financial reforms on June 6.

Testifying before the Committee on Banking, Housing, and Urban Affairs in the US Senate, Tarullo explained the Act's various provisions aimed at supervising and regulating financial institutions in the US.

Tarullo examined a number of areas, including greater capital and liquidity requirements, capital surcharges for systemically important financial institutions

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