Roger Blissett

Programs: GeoeconomicsCategory: Analysis

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Roger Blissett speaks on the Changing Banking Sector

The American response to the 2008 crisis produced the Dodd Frank Act, which not only changed the paradigm of financial regulation in the U.S., but also featured extra-territorial applications of its regulatory provisions which apply to foreign banks operating inside the United States. While criticism over the DFA persists, the financial sector has undoubtedly been transformed by this critical initial step of broader global regulatory reform.