Senator Chris Dodd Addresses International Financial Regulation

On August 4, the Atlantic Council held an event with U.S. Senator Chris Dodd (D-CT) to discuss not only how the recently signed Dodd-Frank legislation will impact the financial services industry in the United States but how it could serve as a model for which other nations could build their new regulatory structures in an increasingly interconnected global economy.

“The debate is over as to whether or not we are in a global economy.” Remarked Senator Dodd, who currently serves as the chairman of the Senate Banking Committee.  And with that being the case, Dodd argued for closer international cooperation between large economies.  Dodd urged regulators from G-20 nations to meet regularly to develop and establish enforceable rules that could be as effective internationally as possible.

Posted by: Clark Taylor

Sources: The Atlantic Council

Photo Credit: The Atlantic Council

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