On March 31, 2008, the U.S. Department of the Treasury issued its “Blueprint for a Modernized Financial Regulatory Structure,” the largest proposed revamping of federal financial regulation and oversight since the Great Depression. Although released in the middle of a national financial crisis, the Blueprint is not designed to be a quick fix for the current economic situation. Instead, it proposes signifi cant changes that will greatly affect fi nancial institutions—and the entities with which they conduct business—for many years to come....