LA Times · Jul 7, 2015
U.S. financial system is stronger but reforms must continue, IMF says
President Obama applauds after signing the the Dodd-Frank financial reform bill into law in 2010. (Chip Somodevilla / EPA)The United States financial system is stronger than it was five years ago but risks remain and regulators need to complete reforms, while policymakers should resist efforts to roll back some of the changes, the International Monetary Fund said Tuesday.
In its first major assessment since 2010, the IMF said the U.S. has made strides in improving its oversight of financial firms. Many of those actions were mandated by the Dodd-Frank financial reform law, which was enacted five years ago this month in the wake of the 2008 financial crisis.