It's one of the most contentions topics in the US financial regulation sector at the moment: the Senate's financial deregulation bill, which is set to unpick parts of the Dodd-Frank Act. When the Act was passed in 2010, it was hailed as the band aid with would help the financial sector heal and get its strength back.

Supporters of the reform, including its sponsor, senator Mike Crapo, said it will alleviate the regulatory and capital burden the smaller banks have been subject to for the past eight years, and make them more flexible and reactive. Only...