Bankers can generally be expected to resist or react negatively to regulations. When confronted with 2,300 pages of new law -the Dodd-Frank Wall Street Reform and Consumer Protection Act-and the prospect of thousands more pages of regulatory rules, compounded by parallel actions in international jurisdictions, industry executives predictably went ballistic. Two years after the enactment of Dodd-Frank, the hand-wringing continues. Dozens of mandated regulations have yet to be completed, while policymakers grapple with events such as MF Global Holdings' collapse and JPMorgan Chase & Co.'s trading fiasco.
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机译:通常可以预期银行家会反抗法规或对法规产生负面反应。当面对2,300页的新法律(《多德-弗兰克华尔街改革和消费者保护法案》)以及数千页的监管规则的前景,再加上国际管辖区的平行行动,行业高管预计会发生冲突。多德-弗兰克法案颁布两年后,这种扭曲仍在继续。数十项强制性法规尚未完成,而政策制定者正努力应对诸如MF Global Holdings倒闭和摩根大通(JPMorgan Chase&Co.)交易惨败之类的事件。
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