Which statements correctly describe post-2008 regulatory reforms like Dodd-Frank and the Volcker Rule?

• A. Dodd-Frank reduced oversight; Volcker Rule loosened proprietary trading.
• B. Dodd-Frank enhanced oversight, stress tests, living wills; Volcker Rule restricted proprietary trading by banks.
• C. The reforms eliminated deposit insurance.
• D. The reforms mandated universal free checking for all customers.

Answer: (B)