PayThink

The Basel capital accords are a serious policy mistake. It's time to return to financial supervision that relies on good judgment and on-site examinations.

A survey commissioned by the Center for Responsible Lending, Americans for Financial Reform, the AARP and the National Council of La Raza "found that 73% of voters, including both Republicans and Democrats, favor the Dodd-Frank Act and 66% of voters favored the creation of the CFPB," writes American Banker’s Victoria Finkle

The 2008 crisis bruised nonfinancial companies that rely on the markets to raise money and hedge risk. Take it from consumer goods makers — global standards like LEI will make doing business easier, in good times and bad.

Looking for that comprehensive software package to handle Dodd-Frank compliance? Not finding it? "That stands to reason, given how few of the rules and regulations implementing the sweeping reform bill have been written," writes Bank Technology News editor Penny Crosman.

Ignoring JPMorgan Chase's chutzpah would be rewarding it. Penalize the bank instead, no matter how important an institution it is.

"Realizing that good information is fundamental to good supervision, the authors of [Dodd-Frank] created the Office of Financial Research," writes American Banker's editor-at-large, Barbara Rehm in her most recent column.

Dodd-Frank did its part to ensure the 20 federal financial regulatory agencies do right by minorities and women. How are things going so far? Good – but not great.

The Financial Stability Oversight Council voted to designate eight financial-market utilities as "systemically important." They will will be subject to heightened risk management standards under Dodd-Frank.

From the Card Act to the CFPB to Durbin, new regulations succeed only in raising the prices or crimping availability of financial services. Memo to politicians: Google "unintended consequences."

You can't claim to be a victim of watchdogs and at the same time blame watchdogs for being dumb, inept and disorganized.