Regulation: Regular check-ups

What’s the future of US financial regulation? Legislators, regulators and bankers needn’t look too far for an answer. A sort-of functional blueprint may be under their noses – in the form of the stress tests just completed on the 19 largest financial institutions. These examinations forced regulatory bodies, including the Federal Reserve, Treasury, Comptroller of the Currency and others into unprecedented cooperation. And by comparing big financial institutions, regional banks, credit card issu...