Don't turn back on financial reform

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The Republicans, harried by their Tea Party wing, have a choice on financial reform. They can either try fundamentally to rewrite the Dodd-Frank act, or can settle for ensuring that the regulators implement it sensibly while they focus on reforming Fannie Mae and Freddie Mac. The second option is better, writes John Gapper in the Financial Times. The opinion editorial includes comments from Regulating Wall Street co-editor Viral Acharya.

Read the full opinion editorial on the Financial Times website. 

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About RegulatingWallStreet.com

The Dodd-Frank Act, signed into law in July 2010, represented the most significant and controversial overhaul of the U.S. financial regulatory system since the Great Depression. Forty NYU Stern faculty, including editors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson, and Ingo Walter, provide a definitive analysis of the Act, expose key flaws and propose solutions to inform the rules’ adoption by regulators, in a new book, Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (Wiley, November 2010).

About Restoring Financial Stability

Previously, many of these faculty developed 18 independent policy papers offering market-focused solutions to the financial crisis, which were published in a book, Restoring Financial Stability: How to Repair a Failed System (Wiley, March 2009).

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