Browsing by Author "Sharmistha Indwar"

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    A 15-Year Retrospective on the Dodd-Frank Act: Regulatory Burdens on Community Banks and Comparative Lessons from the Indian Banking System
    (NLUJAA, 2026) Sharmistha Indwar
    The global financial crisis that occurred in the year 2008 was a massive and unforgettable turning point in the entire history of international banking law. In the years before the crash the United States government strongly believed in the concept of deregulation which essentially means that they wanted to remove strict rules and let banking institutions to whatever they wanted to do. The most famous example of this specific approach was the removal of the historical protections found inside the Glass Steagall Act, 1933. Originally this important law acted as a strong and protective wall that kept safe, boring and everyday consumer banking completely separate from wild and high-risk Wall Street gambling. However, when the government eventually tore down this legal wall massive global banks started mixing the regular savings of everyday people with extremely risky financial bets. Because these gigantic mega banks were so huge in size and so deeply connected to every single part of the global economy their reckless gambling created a very dangerous ticking time bomb. When the housing markets crashed in the year 2008 these giant banks began to completely collapse