The Dodd-Frank act: Too big not to fail | The Economist
SECTIONS 404 and 406 of the Dodd-Frank law of July 2010 add up to just a
couple of pages. On October 31st last year two of the agencies overseeing
America’s financial system turned those few pages into a form to be filled
out by hedge funds and some other firms; that form ran to 192 pages. The
cost of filling it out, according to an informal survey of hedge-fund
managers, will be $100,000-150,000 for each firm the first time it does it.
After having done it once, those costs might drop to $40,000 in every later
year.
http://econ.st/zKSnL3
Source: http://www.economist.com/node/21547784
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