Hollis Hart is President (Retired), International Franchise Management of Citi and co-author of the book Smart Regulation: Changing Speed Bumps into Guardrails. The book explains how sound bipartisan policy can yield both faster economic growth and greater security for consumers. In this episode, CED host Joseph Minarik, also a co-author of the book, talked with Hart about the role of regulation in the financial industry, and how smart regulation can produce economic benefits from Main Street to Wall Street. Although there is a wide acceptance for the need of regulation for the financial industry, opinions vary on the nature and extent of such regulation. Hart discussed what is working and what is not, and recommended a more effective and productive regulatory approach going forward.