It's interesting to see how it is categorized: systemic risk, bank capital, consumer protection, OTC derivatives, and hedge funds. Items excluded are money markets, securitization, off-balance sheet financing, rating agencies, and some other issues that may be just as critical.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTLTQo9nira_j8lb8DfkYY_V0zML3SD01nmXOvHvVhu54kF-h1dFqh0hec9pBLrVArV_2Scr0eTPOoOusAqkJ2yLwjv-QsLkWSaR4uB5RlApyRiQRFq4_WJcEVxovI0clkTgx2hdi9bXt5/s400/Reforming+Financial+Regulation.jpg)