The National Association of Business Economists (NABE) held its 53rd annual meeting in Dallas on 10-13 September 2011 to assess the current global economic landscape. On 12 September, NERA Industry Affiliate Dr. James Overdahl participated in a panel discussion on the costs and benefits of implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dr. Overdahl, former Chief Economist at both the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC), delivered a presentation entitled "Implementing Dodd-Frank through the Federal Rulemaking Process." His presentation pointed out how, due to a number of recent court challenges to federal rules, economic analysis has become a critical component of the rulemaking process. Improving the power and consistency of economic analysis at independent regulatory agencies such as the SEC and CFTC will enhance the ability of regulators to make informed decisions and for their rules to withstand judicial review.

Download Dr. Overdahl's presentation.