GAO has issued a report in which it reviewed the progress of financial regulatory reform. According to the finding, implementation of reform is being delayed by the number, complexity and interconnectedness of the issues to be addressed, as well as a fragmented regulatory structure.
Lofchie Comment: While the report is explicitly about the progress of Dodd-Frank rulemaking, it is implicitly a negative comment on the organization of our regulatory system and on the “benefits” of Dodd-Frank.
Click here to view report in full (links externally to GAO website).