Three years after the last financial crisis, the Dodd–Frank Wall Street Reform and Consumer Protection Act remains a semblance of the bill it was outlined to be. But Congress, in cooperation with the United States' largest financial institutions, is nearing a policy consensus that will strengthen the bill's regulatory ability considerably.
Kevin McPartland, director of fixed income research at the financial markets and advisory firm TABB Group, is a true insider with regard to Dodd-Frank's development. McPartland has testified before the Senate Banking Committee and is well known in and outside of Washington for his expertise on the derivatives market.
In this episode of Attention, Benzinga Radio picks McPartland's brain on the evolution of Dodd-Frank: we discuss the tone of current relations between the institutions and Congress, how the bill's provisions will change the $600 trillion notional value derivatives sector, and conclude with an outlook on US debt in the wake of the debt ceiling debate.
Click here to listen and for a partial transcript: http://www.benzinga.com/content/1815556/putting-the-market-back-together-tabb-groups-kevin-mcpartland