- Dodd Frank may prove counter productive
- Favors requirement for contingent convertible bonds which could avert defaults
- Still have work to do to get sustainable growth
- US budget way out of kilter
Dodd Frank is causing a big headache for banks (well deserved some may say) but there is an element of overkill to most of the rules being put in place. That’s aside from the costs and new systems that need to be put in place and oversight of the procedures is going to be a problem.
