Banks are among the most heavily regulated institutions in today’s economy. Bank regulation, which seems both normal and immutable, is based on historical antecedents and current policy. The original advantages of a bank charter, such as insulation from competition and a role in the issuance of currency, have been eliminated...

In the case of both England and Australia, the reform law requires the new agency to furnish information derived from its supervisory and examination activities to the central bank.

Has the latest round of U.S. banking reform ensured the stability of U.S. banks ordoes the probability and cost of future bank and financial crises need to be further reduced?