The recent regulation that was designed to limit risk-taking by banks by requiring them to report their holdings is called the:
A)Glass-Steagall Act.
B)Dodd-Frank Wall Street Reform and Consumer Protection Act.
C)Troubled Asset Relief Program.
D)Federal Deposit Insurance Act.

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted in response to the 2008 financial crisis. It aimed to increase transparency, improve accountability, and protect consumers by implementing comprehensive financial regulatory reforms, including requiring banks to report their holdings to limit risk-taking.

The Recent Regulation That Was Designed to Limit Risk-Taking by Banks