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

Bernie Sanders’ Attack on Rating Agencies Misses the Point

By Mark A. Calabria. Investor’s Business Daily (Online). January 7, 2016.

Hillary Should Let Big Banks Go Bust

By Thaya Brook Knight. Newsweek. December 23, 2015.

Time for Regulators to Catch Up to the Digital Age

By Mark A. Calabria. DC Examiner. December 21, 2015.

Cato Studies

Dodging the Taxman: Firm Misreporting and Limits to Tax Enforcement

By Paul Carrillo, Dina Pomeranz, and Monica Singhal. Research Briefs in Economic Policy No. 35. September 30, 2015.

In Defense of Derivatives: From Beer to the Financial Crisis

By Bruce Tuckman. Policy Analysis No. 781. September 29, 2015.

On the Desirability of Nominal GDP Targeting

By Julio Garín, Robert Lester, and Eric Sims. Working Paper No. 32. August 12, 2015.

Articles

Biggest Danger Is Bank Bashing

Steve H. Hanke. OMFIF Bulletin. January 2016.

Society, Finance & Freedom

Mark A. Calabria. Banking Perspective. Fall 2015.

The Productivity Gap: Monetary Policy, the Subprime Boom, and the Post-2001 Productivity Surge

George Selgin, David Beckworth, and Berrak Bahadir. Journal of Policy Modeling. Vol. 37. No. 2. March 2015.

Public Filings

Cato Reviews & Journals

Wall Street, the Federal Reserve, and Stock Market Speculation

Ike Brannon. Regulation. Winter 2015-2016.

Warren and Vitter on “Too Big to Fail”

Policy Report. November/December 2015.

Finance and Capital in the 21st Century

Robert C. Jones. Cato Journal. Fall 2015.

Events

34th Annual Monetary Conference

Featuring . November 17, 2016. Conference.

Quantitative Easing: A Requiem

Featuring George Selgin. March 1, 2016. Policy Forum.

Derivatives: Weapons of Mass Destruction or Tools of Stability?

Featuring Thaya Brook Knight. February 11, 2016. Policy 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.