By Peter Schroeder - 06/30/11 06:05 PM EDT
However, regulators have seen their requests for larger budgets in a post-Dodd-Frank world go ignored by the new Republican majority in the House and already have announced that some of the rulewriting will take longer than laid out in the law.
Meanwhile, Republicans are pushing to further delay the impact of the law, crafting legislation to move back the effective date of various provisions or otherwise repeal certain portions.
While skeptical of the aggressive timeline, Clinton offered tough talk to Wall Street critiques about some of the law's broader efforts, such as cracking down on the amount of leverage firms can have.
"I'm sure a lot of them don't like it, but that's just common sense," he said.