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GAO Notes Unmet Dodd-Frank Recommendations
Wednesday, January 4, 2017 6:40 AM

The Government Accountability Office has issued a report detailing the progress made by financial regulators in fulfilling the GAO’s previous recommendations on implementing the Dodd-Frank Act, particularly with regard to cost-benefit analysis.

The GAO said it would make no new recommendations, and that because not all regulators had implemented its previous recommendations on instituting cost-benefit analysis for Dodd-Frank rules, the agency will continue to monitor regulators’ progress.

This is the GAO’s sixth annual report on Dodd-Frank; the agency made recommendations relating to the cost-benefit analysis of Dodd-Frank rules in December 2013. The GAO also said it would continue to monitor regulators’ progress on interagency coordination and impact analysis associated with the law.