Regulators Say Dodd-Frank Set Global Reform Agenda

Law360, New York (March 22, 2012, 1:21 PM EDT) -- U.S. financial regulators, including Lael Brainard of the Treasury Department, told a Senate panel on Thursday that despite worries their international counterparts had not engaged in as rigorous a reform process as the Dodd-Frank Act requires, the law had set the global reform agenda and other jurisdictions were catching up.

“We really set the terms for the international debate and were able to move other countries to our framework,” said  Brainard, Treasury's undersecretary for international affairs, in testimony before the Senate Banking Committee.

Brainard also said...
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