2014-11-05newsweek.com

``The final rule, required by the 2010 Dodd-Frank Wall Street reform law, prohibits banks and certain large financial firms from acquiring another company if that merger would cause their liabilities to exceed 10 percent of the total consolidated liabilities for all financial firms... [but] the final rule has an exemption that would permit firms to continue securitization activities even if they have reached the limits set forth in the rule.''



Comments: Be the first to add a comment

add a comment | go to forum thread