Dodd-Frank Risk Council Failing At Communication, GAO Says

Law360, New York (September 13, 2012, 6:33 PM EDT) -- The U.S. Government Accountability Office said Thursday that two new regulatory bodies established by the Dodd-Frank Act to identify emerging risks to the financial system may not fulfill their mission because they do not appropriately report their findings.

Dodd-Frank set up the Financial Stability Oversight Council and the Office of Financial Research to create a broad view of oncoming risks to the financial system by bringing together regulators in the FSOC's case and by collecting huge amounts of data on the economy. But the GAO report,...
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