The wolves of Wall Street may be getting all the attention. But it's the wizards of Wall Street - the quants - who create financial innovations which can transform the global economy.
Innovations are a great thing. But they can produce unintended consequences. The Financial Reform Bill addressed some of these challenges. But how does government protect consumers and businesses from innovations that haven't yet been invented?
Barney Frank explains in today's big idea - regulating for the future.