Implementing Dodd-Frank is “a formidable task” and despite all that has been done, “there is still considerable work to do,” Federal Reserve Board governor Daniel K. Tarullo testified to Congress Tuesday.

“Hundreds” of Fed staffers are working on the “time-consuming process” of coordinating with other agencies on Dodd-Frank projects, Tarullo told the Senate Banking, Housing, and Urban Affairs Committee.

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