SEC Chair White Reflects on the Dodd-Frank Act

SEC Chair Mary Jo White issued a statement on the fourth anniversary of the passage of the Dodd-Frank Act.

Chair White stated that, after Dodd-Frank was passed, the SEC implemented new restrictions on the proprietary activities of financial institutions (e.g., the Volcker Rule), created a new regulatory framework for municipal advisors, issued new rules for previously unregulated derivatives and began implementing additional executive compensation disclosures.

Moving forward, Chair White stated, the SEC "must work with intensity" and be more deliberate in considering and prioritizing the remaining mandates and in deploying the SEC's "broadened regulatory authority." Chair White explained that progress will be measured by whether the SEC implements rules that "create a strong and effective regulatory framework and stand the test of time under intense scrutiny in rapidly changing financial markets." This progress, Chair White emphasized, must be centered on fundamental and lasting reform.

See: Chair White Statement.