Regulating Wall Street Co-Editor Viral Acharya talks to Viv Davies, Chief Operating Officer at the Centre for Economic Policy Research, about the new book, Regulating Wall Street: The Dodd-Frank Act and the new architecture of global finance. He discusses the success and failings of the Dodd-Frank Act and its implications for the US financial system. He outlines the crucial role of derivatives, the new council of systemic risk, SIFIs and the different approaches to resolution in the US and Europe. Acharya compares the Basel III proposals with the US reforms and suggests what should be priorities for discussion at the upcoming G20 summit.
Listen to the interview on VoxEU.org.