SEWELL CHAN from The New York Times writes :
The financial overhaul bill signed by President Obama last week failed to simplify the complicated regulatory architecture that oversees the banking and securities industries, according to an assessment by the International Monetary Fund.
The assessment, which is being released Friday along with a periodic I.M.F. review of the American economy, found that the effectiveness of the Wall Street reform act will rely heavily on how it is carried out.
