How The Federal Reserve Might Approach Regulatory Reform

For the better part of a decade, the Federal Reserve has worked with other regulators to build out the post-crisis regulatory framework. This framework, centered on the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, was designed to address the causes of the financial crisis. Some observers have said that certain Dodd-Frank reforms made banks and the financial system more resilient than they were pre-crisis. Others have argued that parts of DoddFrank have created burdens for financial institutions, without creating equally valuable benefits for the strength of those institutions or the broader financial system.