{"id":5386,"date":"2012-12-24T00:00:00","date_gmt":"2012-12-24T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/12\/gao_says_most_financial_regula"},"modified":"2022-03-10T16:35:49","modified_gmt":"2022-03-10T22:35:49","slug":"gao-says-most-financial-regula","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/","title":{"rendered":"GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules"},"content":{"rendered":"\n<p>According to a recent Government Accountability report, the majority of regulators don\u2019t have the formal procedures and policies needed to coordinate with each other on the interagency rules that the Dodd-Frank Wall Street Reform and Consumer Protection Act is requiring. As of earlier this month, regulators had reportedly coordinated on just 19 of the 54 substantive regulations that the GAO had examined. The GAO\u2019s report is the yearly review that is required by Congress of how well Dodd-Frank is being implemented. <\/p>\n<p>Per the Act, interagency consultation and coordination on specific rules has to take place. Coordination is also occurring when at least two regulators work together of their own volition to eliminate regulation overlap or duplication.<\/p>\n<p>Yet, said the GAO, seven of nine agencies don\u2019t even have written procedures and policies to facilitate rulemaking coordination. The two that do are the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. One agency that has made some progress in this matter since last year is the Consumer Financial Protection Bureau. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/\"  title=\"Continue Reading GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to a recent Government Accountability report, the majority of regulators don\u2019t have the formal procedures and policies needed to coordinate with each other on the interagency rules that the Dodd-Frank Wall Street Reform and Consumer Protection Act is requiring. As of earlier this month, regulators had reportedly coordinated on just 19 of the 54 [&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],"tags":[],"class_list":["post-5386","post","type-post","status-publish","format-standard","hentry","category-doddfrank-wall-street-reform-a"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules &#8212; Investor Lawyers Blog &#8212; December 24, 2012<\/title>\n<meta name=\"description\" content=\"According to a recent Government Accountability report, the majority of regulators don\u2019t have the formal procedures and policies needed to coordinate with &#8212; December 24, 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\/gao-says-most-financial-regula\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules &#8212; Investor Lawyers Blog &#8212; December 24, 2012\" \/>\n<meta name=\"twitter:description\" content=\"According to a recent Government Accountability report, the majority of regulators don\u2019t have the formal procedures and policies needed to coordinate with &#8212; December 24, 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":"GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules &#8212; Investor Lawyers Blog &#8212; December 24, 2012","description":"According to a recent Government Accountability report, the majority of regulators don\u2019t have the formal procedures and policies needed to coordinate with &#8212; December 24, 2012","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/","twitter_card":"summary_large_image","twitter_title":"GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules &#8212; Investor Lawyers Blog &#8212; December 24, 2012","twitter_description":"According to a recent Government Accountability report, the majority of regulators don\u2019t have the formal procedures and policies needed to coordinate with &#8212; December 24, 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\/gao-says-most-financial-regula\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules","datePublished":"2012-12-24T06:00:00+00:00","dateModified":"2022-03-10T22:35:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/"},"wordCount":569,"articleSection":["Dodd-Frank Wall Street Reform and Consumer Protection Act"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/","url":"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/","name":"GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules &#8212; Investor Lawyers Blog &#8212; December 24, 2012","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2012-12-24T06:00:00+00:00","dateModified":"2022-03-10T22:35:49+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"According to a recent Government Accountability report, the majority of regulators don\u2019t have the formal procedures and policies needed to coordinate with &#8212; December 24, 2012","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/gao-says-most-financial-regula\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"GAO Says Most Financial Regulators Don\u2019t Have the Procedures\/Policies to Coordinate Dodd-Frank Rules"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1oS","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=5386"}],"version-history":[{"count":2,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5386\/revisions"}],"predecessor-version":[{"id":23494,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5386\/revisions\/23494"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=5386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=5386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=5386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}