CSi expects further regulatory development of the Dodd-Frank Act, but a recent review by Davis Polk finds that a large portion of the expected regulation has been delayed.
63 Percent of Dodd-Frank Deadlines Missed
Some 140 of 221 (63 percent) of Dodd-Frank Act rulemaking deadlines, as of July 2, have been missed, and 81 (37 percent) have been met with finalized rules, according to the Davis Polk Dodd-Frank Progress Report released Tuesday.
The report notes that the 221 rulemaking deadlines that have passed represent 55.5 percent of the 398 total DFA rulemaking requirements, and 78.9 percent of the 280 DFA rulemaking requirements with specified deadlines. Davis Polk & Wardwell is a New York-based international law firm.
Read the Progress Report: The Dodd Frank Progress Report July 2012