Abstract
Despite having several challenges in implementing certain provisions to combat global financial malfunctioning, the fate of Dodd-Frank Act seems positive with the reelection of Obama in the United States. This article tries to explore some of the recent regulatory affairs in the backdrop of the 2008 global financial crisis, probably one of the most virulent one in the history of the crises reflected in the imprudent lending following the ‘originate-to-distribute’ model by banks in US and the reckless borrowing at easy credit condition by borrowers (especially by sub-prime borrowers) without understanding the complexity of most of the financial products and transactions, unless become visible in a massive negative home equity.
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