Key findings:

  • Five years after the financial crisis, most of the leaders of the agencies charged with oversight of the financial system — the SEC, Federal Reserve, Treasury, FDIC, and OTS —  have moved on.
  • Many former regulators are cashing in on their experience — helping companies navigate reforms made after the crisis, writing books on their experiences, making a killing on the speaking circuit — or have retired quietly.
  • Five years later, most regulators have admitted mistakes made in the events leading up to the financial crisis and things they could have done better.