Don’t count Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City as a fan of the Dodd-Frank Act’s financial reforms.
In a speech Friday at the Regional Policy Forum on Financial Stability and Macroprudential Supervision in Beijing, a conference focused on international efforts to ensure a more stable financial system, George fretted that governance and market discipline is “at risk of being diluted by a panoply of regulations” and that the Dodd-Frank Act’s complexity could lead to future bailouts, rather than preventing them.
