By George Madison, Michael Lewis and Matthew Katz ( March 14, 2018, 11:22 AM EDT) -- For the better part of a decade, the Federal Reserve has worked with other regulators to build out the post-crisis regulatory framework. This framework, centered on the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, was designed to address the causes of the financial crisis. Some observers have said that certain Dodd-Frank reforms made banks and the financial system more resilient than they were pre-crisis. Others have argued that parts of Dodd-Frank have created burdens for financial institutions, without creating equally valuable benefits for the strength of those institutions or the broader financial system. Now, with a change in presidential administration, as well as new personnel at the financial regulatory agencies, regulators have an opportunity to tailor and recalibrate the post-crisis framework, and address any unintended consequences of legislation enacted in the heat of the crisis. With the relatively recent confirmations of Randal K. Quarles to the board of governors of the Federal Reserve System as vice chairman for supervision, and of Jerome H. Powell as the chairman of the board of governors, it is a good time to consider how the Federal Reserve might approach some key proposals for regulatory reform....