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Abstract
‘Restoring American Financial Stability Act’ of 2010 (‘RAFSA’ or the ‘Dodd-Frank Act’) was the first set of statutes in any country that attempted to simultaneously address the Global Financial Crisis, the national securities law framework, the structure of the executive branch of the federal government, and delegation of powers to federal government agencies (to the detriment of state governments). Other countries have enacted statutes that are similar to RAFSA. However, RAFSA and similar statutes in many countries are inefficient and have failed to address the fundamental problems in financial systems, and parts of RAFSA are unconstitutional.
European Journal of Law Reform |
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Article | Un-Constitutionality of the Dodd-Frank Act |
Keywords | Dodd-Frank Act, enforcement games, systemic risk, financial services regulation, constitutional law |
Authors | Michael I.C. Nwogugu |
DOI | 10.5553/EJLR/138723702015017001007 |
Author's information |
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