The Dodd-Frank Act is a major step forward for financial regulation in the United States.
Editor's note · Context
Bernanke emphasizes the significance of the Dodd-Frank Act for financial regulation.
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It is possible that some of these regulations have some impact on the cost of credit, but there has been a lot of analysis that suggests that the benefits in terms of reducing the risk of a financial crisis are extremely large.
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We want to deploy it in ways that have the greatest benefit for the least cost.
Dodd-Frank is a very big, complicated piece of legislation in an area proving difficult is the push-out provision for derivatives.





