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The Effect Of The Dodd-Frank Act On Risk In The Financial Sector, Beatrix S. Haddon
The Effect Of The Dodd-Frank Act On Risk In The Financial Sector, Beatrix S. Haddon
Senior Honors Projects, 2010-2019
The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Dodd-Frank Act, was passed in 2010 in an attempt to increase transparency and accountability in the financial system. The purpose of this thesis is to discover what effect, if any, the Dodd-Frank Act had on both systematic risk and total volatility in the financial sector. My study shows that while the legislation significantly reduced systematic risk in only one out of the seven industries within the financial sector in the time period I analyzed, it successfully reduced total volatility in all seven industries.