In the United States, the Dodd Frank Act moves some of the way in this direction, and similar efforts are underway in Europe.

The Dodd Frank Act of 2010 may turn out to be a framework for effective regulation, or it might become another set of empty promises.

Likewise, Section 1504 of the United States 2010 Dodd Frank Act contains rules on transparency in the extractive industry.

Second, the Dodd Frank Act represents a huge step forward in improving regulation of both individual financial institutions and the system as a whole.

Say what you will about the Dodd Frank Act of 2010, but it is weak soup by the standards of the 1930 s.

The Dodd Frank Financial Reform Bill, which is about to pass the US Senate, does something similar and long overdue for banking.

There's the Dodd Frank Act, there's the new Consumer Financial Protection Agency that is temporarily being headed through the backdoor by Elizabeth Warren.

Under Dodd Frank, it is arguably easier for the FDIC to handle the failure of a single large financial institution than it was in pre Dodd Frank days.

In the United States, the Dodd Frank Wall Street Reform and Consumer Protection Act, and new initiatives to monitor the safety of financial products, could alter the architecture of finance.

Now, however, a new form of antitrust arrives in the form of the Kanjorski Amendment, whose language was embedded in the Dodd Frank bill.

The US Congress had a chance to fix this design defect in the major financial overhaul that it enacted last summer via the Dodd Frank bill.

Meanwhile, the financial industry is pushing the talks as a way to overturn the pesky and highly effective rules being implemented in the US under the Dodd Frank Act.

These megabanks are making a determined attempt to repeal as much of Dodd Frank as possible, and the House Republicans seem keen to help them. This is not an issue that will fade away.

The US Congress had a chance to fix this design defect in the major financial overhaul that it enacted last summer via the Dodd Frank bill. But it didn t.

But what do we have three years after the financial crisis began? To be sure, America has the 2,000 page Dodd Frank Act to show for its efforts.

The Dodd Frank Act of 2010 introduced a measure somewhat similar to the Glass Steagall prohibition by imposing the Volcker Rule, which bars proprietary trading by commercial banks, but much more could be done.

The only reasonable alternative is to make large, complex financial institutions smaller and less complex so that it is possible for them to fail under standard bankruptcy rules. This is the intent of Dodd Frank.

The biggest banks now account for an even larger share of the financial sector after benefiting from a government rescue, while efforts like the Dodd Frank Act to legislate more constraints on banks have been lobbied into shadows of their original selves.

The US Dodd Frank legislation, enacted in 2010, did (weakly) cap the size of future bank mergers.

The passage of the Dodd Frank Act by Congress represents a significant milestone in the reform of the US financial sector.

The recent Dodd Frank Wall Street Reform and Consumer Protection Act is 848 pages, and requires regulatory agencies to produce several hundred additional documents giving even more detailed rules.

Dude?

Dude.

Dude!

Dude? I didn't know. Didn't look like Dude.

I would not be so sure. The main problem is that the Fed has not moved with alacrity to implement fully key provisions of the Dodd Frank financial reforms, which were passed in 2010.

Two years ago, during the debate about the Dodd Frank financial reform legislation, few people thought that global megabanks represented a pressing problem.

Yeah, Dude, l

The Dodd Frank Act did succeed in putting the OTS out of its misery, but jealous congressional oversight committees have prevented a merger of the SEC and CFTC, and nothing has been done to rationalize banking supervision.

And so we marvel at silk worms the silk worm you see here spinning its fiber.

Dude was good.

Dude did.

Thanks, Dude.

Thanks, Dude.

No, I give the last there was to Dude.

The Dude went in to take a bath.

Dude for Joe.

Do you want me to go help Dude?

Even as the United States voluminous Dodd Frank bill tried to ensure that bankers never subjected American taxpayers to undue risk again, public attention had moved on to the state of the real economy and unemployment.

Why focus on financial regulation when the risks of an immediate collapse are small, and when the details are so tedious? As technical experts and lobbyists took over, and the public lost interest, Dodd Frank became friendlier and friendlier to the banks.

Now if the name bothers you, they used to call me Dude.

Show them the way, Dude.

Hey, Dude. Dude, come here a minute.

Dude, you seen Wheeler?

You finished yet, Dude?