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by Craig Donner

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DTCC and NYU Stern Volatility Institute Sponsor Risk Forum

One of the first books to provide a comprehensive analysis of the Dodd-Frank bill was recently published by more than 40 professors of the New York University Stern School of Business.

The book, “Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance” (Wiley, November 2010), offers critical insight into the 2,300 page bill, which will transform market structure in virtually every area of financial services. The book is considered particularly timely as regulators are working to meet the July 2011 deadline set by Congress for implementing the overwhelming majority of new rules to govern the financial markets.

“A fascinating, lively, and thoroughly readable guide to the Dodd-Frank Act…. It is extremely timely and valuable, and should be required reading,” said Gillian Tett, U.S. managing editor, Financial Times, in her endorsement of the book. Paul Volcker, chairman of the Economic Recovery Advisory Board and former chairman of the Federal Reserve, who also endorsed the book, said, “‘Regulating Wall Street’ goes a long way toward clarifying the intent of the various provisions of the Dodd-Frank Act and evaluating both its effectiveness and limitations.”

The book was edited by Professors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson and Ingo Walter. It follows the publication last year of the authors’ previous book, “Restoring Financial Stability” (Wiley, March 2009), which focused on the causes of the financial crisis and offered a series of proposals for market-based solutions.

“Regulating Wall Street” is currently available online at and in bookstores. @