The regulatory kraken that is the Dodd-Frank bill has yet to rear its head above the water, but this may be the calm before the storm, with almost a third of the bill’s regulatory deadlines looming over the next two quarters. The result is growing worry among investors about the consequences of this rash of banking regulation.

According to research from law firm Davis Polk, the impact of the new banking rules have yet to be felt. Just nine deadlines were passed in the first quarter of 2011, jumping to 27 in the second quarter and 106 in the third. And a staggering 112 of the potential 386.deadlines have yet to be set in stone.