Stripping away government regulation of banking would help both consumers and businesses. Consumers would be able to obtain a mix of financial services tailored to their individual needs for less cost and with greater security than is currently the case. Businesses could more easily acquire loans, insurance, and capital, all necessary for operating in a more competitive and integrated world economy.

But those benefits will only be realized if government steps aside and allows banks and customers to manage their own affairs. Financial institutions in other countries often are freer than those in America, putting many foreign firms at a competitive advantage over American ones. It is time to establish a level playing field by removing counterproductive regulation of American banks.

More on Financial Regulation

Commentary

The End of Dodd-Frank?

By Mark A. Calabria. Washington Times. November 13, 2014.

Are We Headed towards Another Housing Crisis?

By Adam Smith and Bruce Yandle. Forbes. November 12, 2014.

Letting Lehman Fail Was a Choice, and It Was the Right One

By Mark A. Calabria. Daily Caller. October 3, 2014.

Cato Studies

Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve

By Kevin Dowd. Policy Analysis No. 754. September 3, 2014.

Fiscal Uncertainty and Economic Activity

By Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Keith Kuester & Juan Rubio-Ramírez. Research Briefs in Economic Policy No. 4. June 18, 2014.

The New Autarky? How U.S. and UK Domestic and Foreign Banking Proposals Threaten Global Growth

By Louise Bennetts and Arthur S. Long. Policy Analysis No. 743. November 21, 2013.

Articles

Would Consolidating Regulators Avoid the Next Crisis?

Mark A. Calabria. Lombard Street. Vol. 1. No. 16. November 15, 2009.

Public Filings

Yates v. United States

By Bradley J. Bondi, Joseph J. Bial, Lex Urban, Christopher Jones, Ilya Shapiro & Trevor Burrus. Legal Briefs. July 7, 2014.

WFC Holdings Corp. v. United States

By Matthew S. Hellman, Matthew S. McKenzie, R. Trent McCotter & Ilya Shapiro. Legal Briefs. March 31, 2014.

Regulatory Fragmentation, the Balkanization of Financial Markets and the Competitiveness of the American Financial Services Sector

By Louise Bennetts. Testimony. March 4, 2014.

Cato Reviews & Journals

Working Papers

Peter Van Doren. Regulation. Fall 2014.

Putting the Securities Laws to the Test

Elisabeth de Fontenay. Regulation. Fall 2014.

Book Review: Fragile by Design: The Political Origins of Banking Crises and Scarce Credit

Vern McKinley. Cato Journal. Fall 2014.

Events

Financial Stability: Fraud, Confidence, and the Wealth of Nations

Featuring Mark A. Calabria. November 17, 2014. Book Forum.

Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics

Featuring John Samples. October 9, 2014. Book Forum.

Consumer Credit and the American Economy

Featuring Mark A. Calabria and Todd Zywicki. September 30, 2014. Book Forum.

Speeches

Money Misinterpreted and Misunderstood

By Steve H. Hanke. May 30, 2014.

Financial Regulation: Market or Government?

By Mark A. Calabria. February 13, 2013.