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


Here’s Why Share Buybacks Do Not Deserve the Frosty Response

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Overhaul CRA? Why Not Eliminate It?

By Diego Zuluaga. American Banker. December 3, 2018.

10 Years Later, Assessing the Dangerous Legacy of TARP

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Cato Studies

For Richer, for Poorer: Bankers’ Liability and Risk-Taking in New England, 1867–1880

By Peter Koudijs, Laura Salisbury, and Gurpal Sran. Research Briefs in Economic Policy No. 148. January 30, 2019.

More Legislation, More Violence? The Impact of Dodd-Frank in the Democratic Republic of the Congo

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Common Ownership, Some Thoughts: An Informal Memo in Reply to Einer Elhauge

By Derek Bonett. Working Paper No. 55. December 13, 2018.


Of Mergers, Government Meddling, and Chocolate

Thomas A. Firey. The Library of Economics and Liberty. September 19, 2018.

Bank Regulation: An Existential Threat

Steve H. Hanke. International Monetary Review. Vol. 4. No. 4. October 2017.

Biggest Danger Is Bank Bashing

Steve H. Hanke. OMFIF Bulletin. January 2016.

Public Filings

Re: Potential Federal Reserve Actions to Support Interbank Settlement of Faster Payments: Docket No. OP–1625

By George Selgin. Public Comments. December 14, 2018.

State National Bank of Big Spring v. Mnuchin

By Kimberly S. Hermann, Karen Harned, Luke Wake, & Ilya Shapiro. Legal Briefs. October 9, 2018.

Digital Realty v. Somers

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Cato Reviews & Journals

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Vern McKinley. Regulation. Winter 2018-2019.

Leland B. Yeager: Market Grandmaster

James A. Dorn. Cato Journal. Fall 2018.

Restoring the Rule of Law in Financial Regulation

Charles Calomiris. Cato Journal. Fall 2018.


Promoting Fintech Innovation and Consumer Choice: The Role of Regulatory Sandboxes

Featuring Diego Zuluaga, Todd Zywicki, Conan French, Paul Watkins, & Eric Mogilnicki. January 17, 2019. Policy Forum.

36th Annual Monetary Conference: Monetary Policy 10 Years after the Crisis

Featuring Peter Goettler, George Selgin, James A. Dorn, Lydia Mashburn, Rep. Jeb Hensarling, Phil Gramm, Claudio Borio, Josh Zumbrun, Stephen D. Williamson, Peter Ireland, Tobias Adrian, Vincent R. Reinhart, Ylan Mui, Michael D. Bordo, Joseph E. Gagnon, David Beckworth, John A. Allison, Jeffrey M. Lacker, Scott Sumner, & Jeffrey Frankel. November 15, 2018. Conference.

Fintech Unbound: The Cato Summit on Financial Regulation

Featuring Hester Peirce, Balaji Srinivasan, John Collins, Andrea O'Sullivan, Barry Wides, Ryan Zagone, Diego Zuluaga, Lydia Mashburn, Matthew Feeney, Louis Caditz-Peck, Jay Reinemann, Paul Watkins, Spencer Bogart, J.W. Verret, Hardeep Walia, Haimera Workie, & Gerald Tsai. September 12, 2018. Conference.