Although much work remains to be done by all countries, the DoddFrank Act reforms have paved the way for the United States to be a leader in shaping the development of international policy on effective resolution regimes for systemic financial firms. In implementing OLA, the FDIC is developing the single-point-of-entry (SPOE) resolution approach.
The second is the signing of the Expression of Interest to establish and activate within this year two specific Automated Clearing Houses (ACHs) that are being prioritized because of their huge potential to immediately provide digital payment solutions to current payment challenges being encountered by government, by businesses, and by ordinary consumers.