TUESDAY, JUNE 30, 2020
Co-hosted with The Brookings Institution
Ten years ago, in the aftermath of the financial crisis, Congress passed the Dodd-Frank Act to reform Wall Street and protect consumers. Now, in the midst of an even more devastating economic and public health crisis, what are the risks to the financial system and the U.S. economy?
On June 30, the Center on Regulations and Markets at the Brookings Institution and the Center on Finance, Law & Policy at the University of Michigan hosted an event to examine the difficult choices made in drafting Dodd-Frank, its impact on systemic risk and consumer protection, and the response to the COVID-19 crisis in both domestic and global contexts.
The conference consisted of a series of panel discussions, as well as a lunchtime keynote discussion with former Chairmen Chris Dodd and Barney Frank. Other speakers included Federal Reserve Governor Lael Brainard, former Fed Chair Janet Yellen, former Fed Vice Chair Don Kohn, Securities and Exchange Commissioner Hester Peirce, former Fed Governor Jeremy Stein, former Consumer Financial Protection Bureau Director Richard Cordray, and top academics, policymakers, and experts. This conference evaluated the performance of the Dodd-Frank Act over the last decade and considered what the Act means for the future.