SIFIs

The lack of liquidity in the bond markets has drawn significant attention from policymakers, but agreeing on what is causing it, and whether new regulations required by Dodd-Frank are to blame, may be impossible.

Some large U.S. banks are likely to be impacted by recent volatility in emerging markets like Brazil and China. But their opaque risk metrics make it difficult for investors to judge banks' level of exposure.

The failure to prosecute bankers as a result of the financial crisis has sparked an ongoing debate about whether enforcement officials lacked the will to move forward with any cases — or didn't have enough proof that any crimes had been committed.

For those who lament the U.S. government's failure to put individuals on trial for their role in the 2008 mortgage crisis, Iceland's prosecution of bankers represents a platonic ideal of financial supervision. But the comparison between the Icelandic and U.S. cases is not as simple as it may appear.

As the 2008 financial crisis fades into memory, it has become increasingly unlikely that any bankers or traders involved will see jail time. But while no individuals were ever charged with a crime, the feeling that the financial industry got away scot-free will affect the 2016 presidential race and beyond.

The Financial Stability Oversight Council has a mandate to designate nonbank financial companies as systemically important based on criteria established by Congress. Its designation decisions should not be predetermined by the actions of global regulators.

A look at how Dodd-Frank has affected the banking industry, and what other forces are at play.

Regulators need to be able to impose tough requirements on foreign banks with U.S. units in order to safeguard the domestic financial system from turbulence abroad. Sen. Richard Shelby's proposal to raise the asset threshold for systemically important banks would put that ability in jeopardy.

JPMorgan Chase is the bank most integral to the stability of the global financial system, followed by HSBC and Citigroup, according to a U.S. study.

While the Federal Deposit Insurance Corp. has not deviated from a 2013 paper outlining a method for unwinding a giant firm, the agency has appeared to fine-tune its approach in significant ways.