# kaal:claim:1558614-037

**Claim.** 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.

**Type.** failure  **Support.** argued

**Source quote.**

> 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, page 52

**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

**Verify.** sha256 of source PDF `e898211630f4116879329d6de8397523dca5b066864147421aa5cbc7429dc83b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Painter%20and%20Kaal%20-%202010%20-%20Initial%20Reflections%20on%20an%20Evolving%20Standard%20Constraints%20on%20Risk%20Taking%20by%20Directors%20and%20Officers%20in.pdf

**Failure mode.** reform entrenches incumbents  (family: regulatory-capture-and-incumbent-advantage)

**Topics.** systemic-risk, economics

**Keywords.** dodd-frank, too-big-to-fail, regulatory-burden, market-entry, competition

**Related claims.**

- generalizes: https://wulfkaal.github.io/claims/2732915-038
- supported_by: https://wulfkaal.github.io/claims/2389423-004
- supported_by: https://wulfkaal.github.io/claims/2389423-003

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