Beyond Basel and the Dodd-Frank Bill

Recently, the U.S. government passed a major financial regulatory overhaul known as the Dodd- Frank bill. Soon thereafter, the Basel Committee revised its capital standards to boost minimum tier one equity requirements for banks over time.

The stated purpose of the U.S.'s Dodd-Frank financial regulatory reform bill, and the Basel reforms, was to fix the problems that came to light during the recent financial crisis. Do these reforms address those problems?