How has the Passage of the Dodd-Frank Act Affected Performances of Small and Medium Size Banks? An Empirical Analysis of Increasing Regulatory Stringency
Thompson, Jeffrey P.
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law as a policy response to the worst financial crisis since the Great Depression. With Dodd-Frank becoming the law, for the past seven years, numerous rules have been made in accordance to the statutory texts of the Act. Given the uniform applicable nature of many rules made following Dodd-Frank, many have realized that for smaller financial institutions, tightened regulations may have negative unintended consequences. This paper investigates the impact of Dodd-Frank on the performance of small- and medium-size banks, using a bank-level panel data from 2006 to 2016. It is anticipated the passage of Dodd-Frank has negatively impacted the performances of smaller banks.
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