kaal:claim:1558614-037

The Dodd-Frank Act is notable for what it omits: it does not break up the largest banks, does little to help smaller and regional banks compete, and because compliance is burdensome and expensive may actually have raised the barrier to entry into financial services.

Source quote, verbatim

It does little to help smaller and regional banks compete with the big banks. Because complying with regulation is burdensome and expensive, the Act may have raised the barrier for entry into the financial services industry.

From

Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010), IV.D. Other Recent Developments, p. 52
https://ssrn.com/abstract=1558614 · source PDF

Cite as

Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1558614

Classification

failuresupport: arguedfailure: reform entrenches incumbentsfamily: regulatory-capture-and-incumbent-advantagesystemic-riskeconomics

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