Jim Millstein: Tread Carefully on Dodd-Frank

The transcript discusses the Dodd-Frank Act, its impact on the financial system, and potential reforms. It highlights the importance of living wills and the challenges of addressing 'too big to fail' institutions. The conversation also touches on the need for global regulatory cooperation to ensure consistency across international financial markets.

What is the significance of the Orderly Liquidation Authority mentioned in the text?

What implications does the lack of global regulatory cooperation have on the financial system?