Stanford

Finance professor Darrell Duffie of the Stanford Graduate School of Business proposes alternative capital requirements for banks to eliminate potential unintended consequences of financial reform STANFORD, Calif.--(BUSINESS WIRE)-- When the Dodd-Frank financial regulations became law in 2010, the reforms were put in place to promote safety and soundness within the U.S. financial system and lower the risk of future financial crises. However, the government’s interpretation of one of those reforms, “the Volcker Rule,” could have unintended and adverse consequences for the U.S. economy, says Professor Darrell Duffie of ...