Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
World
Most Searched: Asiana  Snowden  Turkey  Syria   Israel   

Obama urges more progress on Wall Street reform law

English.news.cn   2013-08-20 07:10:15            

WASHINGTON, Aug. 19 (Xinhua) -- U.S. President Barack Obama on Monday urged financial regulators to speed up the enacting of the Dodd-Frank Wall Street reform law, which was passed in 2010.

Obama held a closed-door meeting with the financial regulators Monday afternoon to specifically discuss the progress made in implementing the Dodd-Frank Wall Street reform law, the White House said.

The president "stressed the need to expeditiously finish implementing the critical remaining portions of Wall Street reform to ensure we are able to prevent the type of financial harm that led to the Great Recession from ever happening again," it said in a statement.

Participants include the heads of major financial regulatory agencies, including the Treasury, Comptroller of the Currency, Securities and Exchange Commission, Commodity Futures Trading Commission, and the Consumer Financial Protection Bureau.

The Dodd-Frank law, which was passed in response to the financial crisis, aims to prevent the excessive risk-taking that led to the crisis and build a safer, more stable financial system.

However, three years after Obama signed the sweeping overhaul of lending and high-finance rules, many detailed parts of the bill are yet to be completed.

Editor: Chen Zhi
分享
Related News
Home >> World            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top World News Latest News  
  Special Reports  >>
010020070750000000000000011100891326446141