Testing America’s Financial Stability
The US authorities have done much to strengthen the financial sector, which speaks to their commitment to global efforts to ensure that the crisis of the last three years will not be repeated. The true test, however, will be how the recent reforms enacted by the US Congress are implemented domestically, and how they will be coordinated internationally.
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WASHINGTON, DC – Far-reaching financial-reform legislation has just been enacted in the United States – a landmark response to the most devastating financial crisis in decades, and one that takes important and welcome steps toward addressing the many weaknesses in the US regulatory and financial system that the crisis revealed.