Americas: A sheep in wolf’s clothing?

Author: | Published: 23 Feb 2017

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...