QQuestionBusiness Law
QuestionBusiness Law
What are the five areas included in the Dodd-Frank Act of 2010? (Select One)
A. Consumer protection, resolution authority, systemic risk regulation, Volcker rule, and derivatives.
B. Capital requirements, resolution authority, compensation, credit-rating agencies, and systemic risk regulation.
C. Consumer protection, capital requirements, GSEs, credit-rating agencies, and derivatives.
D. Capital requirements, resolution authority, compensation, credit-rating agencies, and GSEs.
4 months agoReport content
Answer
Full Solution Locked
Sign in to view the complete step-by-step solution and unlock all study resources.
Step 1I'll solve this problem by carefully analyzing the key components of the Dodd-Frank Act of 2010.
Step 2: Understand the Context
The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010 as a comprehensive financial regulatory reform legislation in response to the 2008 financial crisis.
Final Answer
Consumer protection, resolution authority, systemic risk regulation, Volcker rule, and derivatives. Explanation: The Dodd-Frank Act focused on these five critical areas to prevent another financial crisis by: 1. Protecting consumers from predatory financial practices 2. Establishing resolution authority for failing financial institutions 3. Regulating systemic risk in the financial system 4. Implementing the Volcker rule to restrict speculative investments 5. Increasing transparency and regulation of derivatives markets
Need Help with Homework?
Stuck on a difficult problem? We've got you covered:
- Post your question or upload an image
- Get instant step-by-step solutions
- Learn from our AI and community of students