US think-tank calls for less haste on Dodd-Frank

Influential non-partisan regulatory body warns 'current rule making process is sacrificing quality and fairness for apparent speed'

An influential non-partisan regulatory think-tank has urged US lawmakers to slow down the implementation of the Dodd-Frank Act, arguing that rushed consultation periods risked sacrificing quality and fairness.

The Committee for Capital Markets Regulation, which was set up in 2006, sent a letter to Capitol Hill on Wednesday arguing that "the current rule making process is sacrificing quality and fairness for apparent speed".

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