{"id":1063,"date":"2012-05-12T19:54:13","date_gmt":"2012-05-12T19:54:13","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/05\/dire_predictions_for_wall_stre"},"modified":"2022-03-10T16:35:11","modified_gmt":"2022-03-10T22:35:11","slug":"dire-predictions-for-wall-stre","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/dire-predictions-for-wall-stre\/","title":{"rendered":"Dire Predictions For Wall Street Reforms: Not Complete Until 2013, Even Longer to Implement, Half May Not Survive"},"content":{"rendered":"<p>\t\t\t\tSpeaking at the Council on Foreign Relations on May 2, Federal Reserve Governor Daniel K. Tarullo said he did not think that federal agencies would complete their rulemaking duties that are mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act until next year. He also said that full implementation of these rules would take even more time. Tarullo is in charge of overseeing efforts by the Fed to draft and execute these regulatory reforms.<\/p>\n<p>He said that the process of completing the rules is a complicated one and challenges have inevitably arisen. To finish rulemaking duties sooner would likely have resulted in &#8220;inconsistencies and open questions&#8221; that would have inevitably led to &#8220;another round of changes.&#8221; Tarullo also spoke about how the complexities of certain US regulations have posed added challenges. For example, regulatory reforms must conform to the Basel Committee on Banking Supervision&#8217;s Basel III framework. <\/p>\n<p>Tarullo also said that &#8220;instability&#8221; from the shadow banking system warrants a need for more regulatory reforms. He warned of new forms of shadow banking that could be lurking on the horizon especially if greater regulation of the large financial firms leads to elements of the shadow banking system going into &#8220;largely unregulated markets.&#8221;<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/dire-predictions-for-wall-stre\/\"  title=\"Continue Reading Dire Predictions For Wall Street Reforms: Not Complete Until 2013, Even Longer to Implement, Half May Not Survive\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Speaking at the Council on Foreign Relations on May 2, Federal Reserve Governor Daniel K. Tarullo said he did not think that federal agencies would complete their rulemaking duties that are mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act until next year. He also said that full implementation of these rules would [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3960,3740],"tags":[2518],"class_list":["post-1063","post","type-post","status-publish","format-standard","hentry","category-doddfrank-wall-street-reform-a","category-miscellaneous","tag-dodd-frank-act"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dire Predictions For Wall Street Reforms: Not Complete Until 2013, Even Longer to Implement, Half May Not Survive &#8212; Investor Lawyers Blog &#8212; May 12, 2012<\/title>\n<meta name=\"description\" content=\"Speaking at the Council on Foreign Relations on May 2, Federal Reserve Governor Daniel K. Tarullo said he did not think that federal agencies would &#8212; May 12, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/dire-predictions-for-wall-stre\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Dire Predictions For Wall Street Reforms: Not Complete Until 2013, Even Longer to Implement, Half May Not Survive &#8212; Investor Lawyers Blog &#8212; May 12, 2012\" \/>\n<meta name=\"twitter:description\" content=\"Speaking at the Council on Foreign Relations on May 2, Federal Reserve Governor Daniel K. Tarullo said he did not think that federal agencies would &#8212; May 12, 2012\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dire Predictions For Wall Street Reforms: Not Complete Until 2013, Even Longer to Implement, Half May Not Survive &#8212; Investor Lawyers Blog &#8212; May 12, 2012","description":"Speaking at the Council on Foreign Relations on May 2, Federal Reserve Governor Daniel K. 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Tarullo said he did not think that federal agencies would &#8212; May 12, 2012","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/dire-predictions-for-wall-stre\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/dire-predictions-for-wall-stre\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Dire Predictions For Wall Street Reforms: Not Complete Until 2013, Even Longer to Implement, Half May Not Survive","datePublished":"2012-05-12T19:54:13+00:00","dateModified":"2022-03-10T22:35:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/dire-predictions-for-wall-stre\/"},"wordCount":563,"keywords":["Dodd-Frank Act"],"articleSection":["Dodd-Frank Wall Street Reform and Consumer Protection Act","Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/dire-predictions-for-wall-stre\/","url":"https:\/\/www.investorlawyers.com\/blog\/dire-predictions-for-wall-stre\/","name":"Dire Predictions For Wall Street Reforms: Not Complete Until 2013, Even Longer to Implement, Half May Not Survive &#8212; Investor Lawyers Blog &#8212; May 12, 2012","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2012-05-12T19:54:13+00:00","dateModified":"2022-03-10T22:35:11+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Speaking at the Council on Foreign Relations on May 2, Federal Reserve Governor Daniel K. 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