# "Regulating Wall Street: CHOICE Act vs. Dodd-Frank," a new book by NYU Stern and NYU Law faculty, is featured

1 Faculty News April 17, 2017 ![Real Clear Markets 192 x 144](/sites/default/files/styles/246w/public/assets/images/realclearmarkets192x144.jpg?itok=URJdZQC6)>

Excerpt from [RealClearMarkets](http://www.realclearmarkets.com/articles/2017/04/17/its_springtime_in_washington_and_regulatory_reform_blossoms_102634.html) -- "The argument goes that a simple leverage ratio, which could be based on liabilities or assets, does not afford regulators a sufficiently granular control mechanism. Thus, the NYU Stern School explains, 'a private investor would rarely make a decision based on a single ratio, and neither should a regulator.'"

[Read more](http://www.realclearmarkets.com/articles/2017/04/17/its_springtime_in_washington_and_regulatory_reform_blossoms_102634.html)