While these efforts have helped to produce a sounder, more stable, and more resilient financial system, work remains to be done to address the problems of “too-big-to-fail” and systemic risk.
Recent Dodd-Frank Act implementation milestones Since your last oversight hearing, the Federal Reserve, often in tandem with some or all of the other agencies represented at this hearing, has made progress on a number of important Dodd-Frank Act reforms.