Readout From Obama’s Roundtable Discussion On Financial Reform Implementation
Monday afternoon, US President Obama held a roundtable discussion on the implementation of financial reform. The President hosted senior officials from the U.S. Department of the Treasury, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, the Federal Housing Finance Agency, the Department of Housing and Urban Development, the National Credit Union Administration, and the Consumer Financial Protection Bureau.
The President and the regulators discussed the progress that has been made on the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act to strengthen our financial system and protect consumers. The discussion also provided a forum for regulators to discuss issues they have encountered in the implementation process and ways of better harmonizing their efforts.
President Obama discussed the importance of moving forward with financial reform in a quick but careful manner. Attendees discussed their plans to continue their collective work to strengthen the financial system in the months ahead.
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