The last financial crisis exposed fundamental problems in U.S. financial markets and in the regulatory system tasked with overseeing those markets. BPC analyzes, assesses, and recommends ways to improve financial regulatory policy, including the effects of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The initiative’s overarching objective is to promote policies that balance financial stability, economic growth, and consumer protection.
Post-crisis financial reform emphasized ensuring oversight of the financial system as a whole. Dodd-Frank vested much of this power in a council of regulators, the Financial Stability Oversight Council (FSOC). How is the FSOC doing, and how can it be made to work better?
How well is the primary U.S. response to the financial crisis working, and how can it be improved?
The insurance business, which has long been regulated by the states, was left out of Dodd-Frank. In practice, however, the Federal Reserve now oversees a significant share of the industry, and a host of challenges face federal regulators. How should insurance be regulated in a post-crisis world?
Global financial regulation works best when authorities across jurisdictions work together to pursue the right goals. How can the United States achieve better cooperation and alignment of goals?