Robert G. Wilmers, chief executive officer at M&T Bank, argues that the Dodd-Frank Act fails to resolve three of the largest issues in the financial system and likely won't prevent another crisis. For example, Wilmers said changes are needed at bond-rating agencies. "For the last 80 years they've been the gang that couldn't shoot straight," Wilmers said. The Dodd-Frank Act, however, largely left them alone.

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