NY Fed paper says monitoring is essential to fix Dodd-Frank’s ‘significant limitations’


A staff report, published by the Federal Reserve Bank of New York, has warned that the Dodd-Frank Act could worsen the systemic crises it is meant to prevent, unless a "broad, flexible and forward-looking" monitoring system is implemented.

Tobias Adrian, Daniel Covitz and Nellie Liang, the authors of the report entitled Financial Stability Monitoring, highlight a number of flaws in Dodd-Frank, including the risk that firms are pushed into the non-regulated shadow-banking sector, a failure to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account