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In the Post economic crisis era, there is a greater trend of reversing the deregulation of the Global Financial System done in the past two decades or so. Some of the areas where policy makers and regulators are actively working are summarized below:
Volcker Rule: One noteworthy provision of US banking system is the “Volcker rule”, which creates a Chinese wall between the Commercial and Investment banking. It is anticipated that some portions of Volcker rule may be revived.
Basel 1-3: These are a series of international agreements on the minimum amount of capital that banks have to hold as a proportion of the loans they have made.
Dodd-Frank Act: This Act was passed last year. The law requires 11 different agencies to write the detailed regulations. It will put a halt on deregulations of the past decade – both for the US and global Financial institutions.
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