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 Scientific Argument against the Paris Climate Agreement

By Patrick J. Michaels. The Hill (Online). May 25, 2017.

Trump Team Fails to Grasp Entire Nature of Regulatory Burden

By Brink Lindsey. The Hill (Online). February 24, 2017.

Overgrown Wall Street Regulation Needs a Trim in 2017

By Thaya Brook Knight. The Hill (Online). February 23, 2017.

Cato Studies

Stealing Deposits: Deposit Insurance, Risk-Taking, and the Removal of Market Discipline in Early-20th-Century Banks

By Charles Calomiris and Matthew S. Jaremski. Research Briefs in Economic Policy No. 66. December 21, 2016.

The Repeal of the Glass-Steagall Act: Myth and Reality

By Oonagh McDonald. Policy Analysis No. 804. November 16, 2016.

Accounting for Rising Corporate Profits: Intangibles or Regulatory Rents?

By James Bessen. Research Briefs in Economic Policy No. 60. September 21, 2016.

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

A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs

By John A. Allison. Testimony. April 26, 2017.

PHH v. Consumer Financial Protection Bureau

By Marc J. Gottridge, Allison M. Wuertz, Thaya Brook Knight, & Ilya Shapiro. Legal Briefs. March 10, 2017.

Lucia v. Securities and Exchange Commission

By Thaya Brook Knight, Ilya Shapiro, and Devin Watkins. Legal Briefs. March 10, 2017.

Cato Reviews & Journals

The Fed’s Failed Policies

Walker F. Todd. Cato Journal. Spring/Summer 2017.

Bank Regulation as Monetary Policy: Lessons from the Great Recession

Steve H. Hanke and Matt Sekerke. Cato Journal. Spring/Summer 2017.

Rethinking the Monetary Transmission Mechanism

Jerry L. Jordan. Cato Journal. Spring/Summer 2017.

Events

35th Annual Monetary Conference

Featuring Loretta Mester, Rep. Andy Barr (R-KY), John B. Taylor, Charles I. Plosser, Kevin Warsh, Eswar S. Prasad, Judy Shelton, Martin Feldstein, J. Houston McCullough, Lawrence H. White, William D. Lastrapes, & David Dollar. November 16, 2017. Conference.

Banking Unbound: The Cato Summit on Financial Regulation

Featuring George Selgin, Emily Ekins, and Brian Knight. June 6, 2017. Conference.

Cato in the Courts: Wall Street Edition

Featuring Ilya Shapiro and Thaya Brook Knight. December 9, 2016. Capitol Hill Briefing.

Speeches

Money Misinterpreted and Misunderstood

By Steve H. Hanke. May 30, 2014.

Financial Regulation: Market or Government?

By Mark A. Calabria. February 13, 2013.