The attention following President Trump's February 3
executive order on financial regulation focused squarely on the
clear threats to Dodd-Frank. Understandably so: Trump
campaigned on a promise to repeal it, and spent much of his
pre-signing briefing bemoaning its (debatable) negative impact
on US lending.
The Volcker rule certainly looks vulnerable. So too does
Title II which established a so-called orderly liquidation
authority to wind down systemically important financial
institutions (Sifis). A second version of congressman Jeb
Hensarling's CHOICE Act is in the works now, and is expected to
act as a template for the new, Trump...