From new regulations on the trading and holding of derivatives to debates about whether financial institutions remain too large, this session tackled the progress made by policymakers so far. The discussion also addressed what cracks remain in US laws. Are regulators and policymakers on the right course? Mary Schapiro, Managing director, Promontory Financial Group Jim Millstein, Chairman and chief executive, Millstein & Co Moderator: Greg Ip, US economics editor, The Economist