In the April 3 Washington Post, reporters Danielle Douglas and Jia Lynn Yang point out that “it has taken federal regulators nearly three years since the passage of Dodd-Frank… to define which nonbank companies, if they were to fail, could threaten the integrity of the country’s financial system.”
“If you can’t designate someone like GE Capital or AIG, which helped trigger the financial crisis, after three years, how are you going to keep up with how quickly the financial system changes?” AFR Policy Director Marcus Stanley told the Post. “If this is going to be our response time to things, that’s not so good.”