American Banker's Editor-at-Large Barbara Rehm explains why the next 18 months are critical to the financial industry and why federal regulators must finish the majority of Dodd-Frank provisions by the end of 2014.

Rehm believes that Congress will take another stab at financial reform if Dodd-Frank isn't more fully implemented by the end of next year. Siting the last financial crisis in the 1980s as a precedent, Rehm details the fact that Congress passed the Financial Institutions Reform, Recovery and Enforcement Act in 1989 and two short years later passed the FDIC Improvement Act.

"It's dangerous to assume Dodd-Frank marked the end of reform," Rehm writes.

For the full piece see "Time to Implement Dodd-Frank - Or Else" (may require subscription).