Financial Regulation: Still Unsettled a Decade After the Crisis
评估了金融危机后美国金融监管的成就与未竟之事，指出监管框架增强了大型银行韧性，但未能有效应对影子银行等监管边界外的威胁，且政治风向转向放松管制可能削弱已有成果。
A decade after the darkest moments of the financial crisis, both the US financial system and the legal framework for its regulation are still in flux. The post-crisis regulatory framework has made systemically important banks much more resilient. They are substantially better capitalized and less dependent on runnable short-term funding. But the current regulatory framework does not deal effectively with threats to financial stability outside the perimeter of regulated banking organizations, notably from forms of shadow banking. Moreover, with the political tide having for the moment turned decisively toward deregulation, there is some question whether the resiliency improvements of the largest banks will be preserved. This article assesses the accomplishments, unfinished business, and outstanding issues in the post-crisis approach to prudential regulation.