REUTERS/Carlo Allegri - The exterior of the New York Stock Exchange is pictured with the American national flag, in New York.
Financial Reform Progress: Cause for Considerable Celebration and Some Concern
December 17, 2014,
While the financial sector is safer than it was at the time of the crisis, our regulatory system is still fragmented, reducing its effectiveness, say Martin Baily and Doug Elliott. The next two years may bring incremental improvements, but everything will be up for grabs in 2016.