Overhaul the Financial Regulatory System

The U.S. financial regulatory system is a labyrinth of overlapping, duplicative, dysfunctional, and costly federal government agencies badly in need of fresh review and overhaul. With the possible exception of the healthcare industry, there is perhaps no business sector more heavily regulated in the United States than the financial sector.

Diagram credit to the U.S. Department of Treasury report, ‘A Financial System That Creates Economic Opportunities’ June 2017, page 29.

The diagram...